Tarku Resources (CVE:TKU) Trading 50% Higher – Time to Buy?

Shares of Tarku Resources Ltd. (CVE:TKU) rose 50% on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 122,746 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 99,042 shares. The stock had previously closed at C$0.01.

Tarku Resources Trading Up 50.0 %

The stock has a market cap of C$1.90 million, a PE ratio of -2.50 and a beta of -0.25. The company’s fifty day moving average is C$0.01 and its 200-day moving average is C$0.01. The company has a debt-to-equity ratio of 5.36, a current ratio of 0.27 and a quick ratio of 1.32.

About Tarku Resources

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.