Angkor Resources (CVE:ANK) Trading Down 14.1% - Here's What Happened

Key Points

• Shares of Angkor Resources Corp. (CVE:ANK) fell by 14.1%, trading as low as C$0.25 before closing at C$0.28.
• The company saw a significant increase in trading volume, with approximately 230,500 shares exchanged, a 228% rise from its average daily volume.
• Angkor Resources has a market cap of C$54.32 million and a high debt-to-equity ratio of 557.03, indicating substantial financial leverage.

Shares of Angkor Resources Corp. (CVE:ANK - ) dropped 14.1% on Tuesday . The company traded as low as C$0.25 and last traded at C$0.28. Approximately 230,500 shares were traded during trading, an increase of 228% from the average daily volume of 70,269 shares. The stock had previously closed at C$0.32.

Angkor Resources Stock Performance

The firm's fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.20. The company has a current ratio of 0.25, a quick ratio of 0.27 and a debt-to-equity ratio of 557.03. The firm has a market cap of C$54.32 million, a price-to-earnings ratio of -28.50 and a beta of -0.68.

Angkor Resources Company Profile

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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