Angkor Resources (CVE:ANK) Shares Up 13.7% – Here’s Why

Angkor Resources Corp. (CVE:ANKGet Free Report)’s stock price shot up 13.7% during trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. 36,500 shares traded hands during trading, a decline of 51% from the average daily volume of 74,523 shares. The stock had previously closed at C$0.26.

Angkor Resources Stock Down 6.5%

The stock has a market cap of C$53.59 million, a price-to-earnings ratio of -13.00 and a beta of -0.79. The company has a debt-to-equity ratio of 557.03, a quick ratio of 0.27 and a current ratio of 0.25. The firm’s 50-day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.33.

About Angkor Resources

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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.

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