Melkior Resources (CVE:MKR) Stock Price Up 36.8% – Should You Buy?

Melkior Resources Inc. (CVE:MKR) shares 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 mid-day 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 Trading 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 business has a fifty day simple moving average of C$0.15 and a 200 day simple moving average of C$0.13.

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.