Melkior Resources (CVE:MKR) Trading Up 42.9% – Time to Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price was up 42.9% on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 187,500 shares changed hands during trading, an increase of 212% from the average daily volume of 60,077 shares. The stock had previously closed at C$0.07.

Melkior Resources Stock Up 50.0 %

The stock has a market capitalization of C$3.60 million, a P/E ratio of -5.25 and a beta of 2.34. The company has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.08.

Melkior Resources Company Profile

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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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