Melkior Resources (CVE:MKR) Trading Up 36.8% – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price traded up 36.8% on Tuesday . The company traded as high as C$0.28 and last traded at C$0.26. 435,460 shares traded hands during trading, an increase of 362% from the average session volume of 94,303 shares. The stock had previously closed at C$0.19.

Melkior Resources Stock Up 36.8%

The stock has a market capitalization of C$9.12 million, a P/E ratio of -26.00 and a beta of 0.83. The company has a fifty day moving average price of C$0.15 and a 200-day moving average price of C$0.13.

About Melkior Resources

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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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