Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) were up 22.2% during trading on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.11. Approximately 311,600 shares were traded during mid-day trading, an increase of 119% from the average daily volume of 142,138 shares. The stock had previously closed at C$0.09.
Melkior Resources Stock Performance
The company has a market cap of C$3.77 million, a price-to-earnings ratio of -5.50 and a beta of 2.34. The company’s 50 day moving average price is C$0.07 and its 200 day moving average price is C$0.08.
Melkior Resources Company Profile
Melkior Resources Inc, a junior mining exploration company, engages in the acquisition and exploration of mineral properties in Canada. The company primarily explores for gold, zinc, and silver deposits, as well as base metals. Its flagship property includes the Carscallen project, which comprises 320 claim units covering an area of approximately 47 square kilometers located to the west of Timmins, Ontario.
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