Altai Resources (CVE:ATI) Shares Up 18.2% – Still a Buy?

Altai Resources Inc. (CVE:ATI) shares traded up 18.2% during trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 430,000 shares traded hands during mid-day trading, an increase of 634% from the average session volume of 58,553 shares. The stock had previously closed at C$0.06.

Altai Resources Trading Up 18.2 %

The business has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The stock has a market cap of C$3.64 million, a price-to-earnings ratio of -26.67 and a beta of 1.39.

About Altai Resources

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.