Angkor Resources (CVE:ANK) Shares Down 22.4% – Time to Sell?

Shares of Angkor Resources Corp. (CVE:ANK) traded down 22.4% on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. 548,084 shares changed hands during trading, an increase of 620% from the average session volume of 76,154 shares. The stock had previously closed at C$0.34.

Angkor Resources Stock Down 19.4%

The company has a market capitalization of C$54.50 million, a P/E ratio of -9.00 and a beta of -1.23. The company has a quick ratio of 0.27, a current ratio of 0.25 and a debt-to-equity ratio of 557.03. The firm has a fifty day simple moving average of C$0.35 and a 200-day simple moving average of C$0.30.

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. and changed its name to Angkor Resources Corp. in September 2019. Angkor Resources Corp. was incorporated in 2008 and is based in Sexsmith, Canada.