Altai Resources (CVE:ATI) Shares Up 50% – What’s Next?

Altai Resources Inc. (CVE:ATI)’s stock price traded up 50% on Friday . The stock traded as high as C$0.04 and last traded at C$0.03. 620,000 shares were traded during mid-day trading, an increase of 328% from the average session volume of 144,891 shares. The stock had previously closed at C$0.02.

Altai Resources Stock Down 62.5%

The firm has a market cap of C$1.68 million, a PE ratio of -1.50 and a beta of 1.04. The company’s fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.07.

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.