Melkior Resources Inc. (CVE:MKR – Get Free Report) shares rose 22.2% during mid-day trading on Thursday . The stock traded as high as C$0.13 and last traded at C$0.11. Approximately 311,600 shares traded hands during trading, an increase of 119% from the average daily volume of 142,138 shares. The stock had previously closed at C$0.09.
Melkior Resources Price Performance
The firm has a market cap of C$3.77 million, a price-to-earnings ratio of -5.50 and a beta of 2.34. The firm’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.08.
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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