Melkior Resources (CVE:MKR) Shares Up 42.9% – Still a Buy?

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

Melkior Resources Stock Performance

The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.08. The stock has a market cap of C$3.60 million, a PE ratio of -5.25 and a beta of 2.34.

Melkior Resources Company Profile

(Get Free Report)

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.

Further Reading

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