Melkior Resources Inc. (CVE:MKR – Get Free Report) shares shot up 13.3% during mid-day trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. 182,550 shares traded hands during mid-day trading, an increase of 277% from the average session volume of 48,460 shares. The stock had previously closed at C$0.08.
Melkior Resources Stock Performance
The company’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.09. The company has a market cap of C$2.91 million, a price-to-earnings ratio of -4.25 and a beta of 2.34.
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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