Melkior Resources (CVE:MKR) Reaches New 52-Week Low – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report) hit a new 52-week low on Monday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 31000 shares changing hands. The stock had previously closed at C$0.07.

Melkior Resources Stock Performance

The company has a market cap of C$2.23 million, a P/E ratio of -3.25 and a beta of 2.34. The stock has a 50-day moving average of C$0.08 and a two-hundred day moving average of C$0.08.

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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