Altai Resources (CVE:ATI) Stock Price Down 81.3% – What’s Next?

Altai Resources Inc. (CVE:ATI) dropped 81.3% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 117,995 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 144,891 shares. The stock had previously closed at C$0.08.

Altai Resources Stock Down 62.5%

The business’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.05. The firm has a market capitalization of C$1.68 million, a price-to-earnings ratio of -1.50 and a beta of 1.82.

Altai Resources Company Profile

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. Altai Resources Inc was incorporated in 1955 and is headquartered in Toronto, Canada.