Medallion Resources (CVE:MDL) Trading Down 5.6%

Shares of Medallion Resources Ltd. (CVE:MDL) traded down 5.6% on Friday . The company traded as low as C$0.09 and last traded at C$0.09, 17,950 shares were traded during mid-day trading. A decline of 86% from the average session volume of 129,017 shares. The stock had previously closed at C$0.09.

The firm’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.13. The firm has a market capitalization of $4.17 million and a price-to-earnings ratio of -3.21. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.25 and a current ratio of 1.42.

Medallion Resources Company Profile (CVE:MDL)

Medallion Resources Ltd. acquires and explores for mineral resource projects. It explores for monazite, a rare earth element. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.

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