Altai Resources (CVE:ATI) Sets New 52-Week Low – Should You Sell?

Altai Resources Inc. (CVE:ATI)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 2000 shares. The stock had previously closed at C$0.02.

Altai Resources Price Performance

The firm’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.04. The stock has a market cap of C$840,510.00, a P/E ratio of -0.75 and a beta of 1.01.

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.