Melkior Resources (CVE:MKR) Reaches New 52-Week Low – What’s Next?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 1600 shares. The stock had previously closed at C$0.07.

Melkior Resources Trading Up 7.7 %

The firm’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.08. The stock has a market capitalization of C$2.40 million, a PE ratio of -3.50 and a beta of 2.34.

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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