Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) dropped 26.9% on Wednesday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 193,200 shares changed hands during trading, an increase of 103% from the average daily volume of 94,980 shares. The stock had previously closed at C$0.26.
Melkior Resources Price Performance
The firm has a market cap of C$6.66 million, a price-to-earnings ratio of -19.00 and a beta of 0.83. The business’s 50-day moving average price is C$0.15 and its two-hundred day moving average price is C$0.14.
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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