Altai Resources (CVE:ATI) Stock Price Down 15.4% – Time to Sell?

Altai Resources Inc. (CVE:ATIGet Free Report)’s stock price fell 15.4% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. 143,360 shares were traded during mid-day trading, an increase of 76% from the average session volume of 81,332 shares. The stock had previously closed at C$0.07.

Altai Resources Trading Down 7.7%

The company has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06. The firm has a market cap of C$3.36 million, a PE ratio of -26.67 and a beta of 1.39.

Altai Resources Company Profile

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Altai Resources Inc operates as a natural resource exploration and development company in Canada. The company explores for oil and natural gas, and gold properties. It holds a 50% interest in the Malartic gold property which consists of six map designated claims covering an area of 127.6 hectares located in the Malartic Township, Val d'Or area, Quebec; and a 50% interest in the Cessford oil property covering an area of 240 acres located in the Cessford area of Southern Alberta.

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