Angkor Resources (CVE:ANK) Trading Down 12.5% - Here's What Happened

Key Points

• Shares of Angkor Resources Corp. (CVE:ANK) fell 12.5%, with trading prices dropping from C$0.32 to C$0.28 amid an increase in trading volume.
• The company has a market capitalization of C$53.37 million and operates with a high debt-to-equity ratio of 557.03.
• Angkor Resources primarily focuses on the acquisition and exploration of mineral properties, including gold, silver, and copper deposits in Cambodia, Canada, and the Philippines.

Shares of Angkor Resources Corp. (CVE:ANK - ) dropped 12.5% during mid-day trading on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.28. Approximately 197,900 shares were traded during mid-day trading, an increase of 183% from the average daily volume of 70,021 shares. The stock had previously closed at C$0.32.

Angkor Resources Trading Down 12.5%

The company has a market capitalization of C$53.37 million, a P/E ratio of -28.00 and a beta of -0.68. The company has a debt-to-equity ratio of 557.03, a current ratio of 0.25 and a quick ratio of 0.27. The firm has a fifty day moving average price of C$0.21 and a 200-day moving average price of C$0.20.

About Angkor Resources

Angkor Resources Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties. It primarily explores for gold, silver, and copper deposits; and oil and gas properties located in the Kingdom of Cambodia, Canada, and the Philippines. The company was formerly known as Angkor Gold Corp.

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