Melkior Resources (CVE:MKR) Trading Up 20%

Melkior Resources Inc (CVE:MKR) was up 20% during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03, approximately 139,000 shares traded hands during mid-day trading. A decline of 45% from the average daily volume of 254,686 shares. The stock had previously closed at C$0.03.

The company has a market cap of $3.87 million and a P/E ratio of 5.00. The firm’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.03.

About Melkior Resources (CVE:MKR)

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, nickel, copper, platinum group elements, and volcanic mafic sulfide. Its flagship property is the Carscallen gold project with 295 claims covering 47.12 square kilometers located to the west of Timmins, Ontario.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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