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

Shares of Melkior Resources Inc. (CVE:MKRGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 1000 shares trading hands. The stock had previously closed at C$0.08.

Melkior Resources Trading Down 6.7 %

The firm has a market capitalization of C$2.40 million, a P/E ratio of -3.50 and a beta of 2.34. The business’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09.

Melkior Resources Company Profile

(Get Free Report)

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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