Anconia Resources (ARA) Trading 50% Higher

Anconia Resources Corp (CVE:ARA)’s share price traded up 50% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 1,967,830 shares changed hands during mid-day trading, an increase of 1,253% from the average session volume of 145,452 shares. The stock had previously closed at C$0.01.

The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $1.76 million and a price-to-earnings ratio of 7.50.

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Anconia Resources Company Profile (CVE:ARA)

Anconia Resources Corp. operates as a base and precious metal exploration and development company in Canada. The company primarily explores for zinc and gold deposits. It owns 100% interests in the Atlas properties located in the Territory of Nunavut. The company also has interest in the Batchewana property in the Batchewana Greenstone Belt near Sault Ste Marie, Ontario; and in the Grenfell property in the Kirkland Lake Area, Ontario.

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