Melkior Resources Inc. (CVE:MKR – Get Free Report)’s share price shot up 36.8% during mid-day trading on Tuesday . The company traded as high as C$0.28 and last traded at C$0.26. 435,460 shares changed 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 Stock Performance
The stock’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.13. The firm has a market cap of C$9.12 million, a price-to-earnings ratio of -26.00 and a beta of 0.83.
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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