Altai Resources (CVE:ATI) Stock Price Down 75% – Should You Sell?

Shares of Altai Resources Inc. (CVE:ATIGet Free Report) were down 75% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 139,995 shares traded hands during trading, a decline of 3% from the average daily volume of 144,891 shares. The stock had previously closed at C$0.08.

Altai Resources Stock Performance

The company has a market capitalization of C$1.68 million, a PE ratio of -1.50 and a beta of 1.82. The company has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.05.

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

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