Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) were up 36.8% on Tuesday . The company traded as high as C$0.28 and last traded at C$0.26. Approximately 435,460 shares were traded during mid-day trading, an increase of 362% from the average daily volume of 94,303 shares. The stock had previously closed at C$0.19.
Melkior Resources Trading Up 36.8%
The company has a market cap of C$9.12 million, a P/E ratio of -26.00 and a beta of 0.83. The business has a 50 day moving average price of C$0.15 and a 200-day moving average price of C$0.13.
About Melkior Resources
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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