Melkior Resources Inc. (CVE:MKR – Get Free Report)’s stock price rose 50% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 203,500 shares traded hands during mid-day trading, an increase of 228% from the average daily volume of 62,077 shares. The stock had previously closed at C$0.07.
Melkior Resources Price Performance
The firm’s 50 day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.08. The firm has a market capitalization of C$3.60 million, a P/E ratio of -5.25 and a beta of 2.34.
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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