Melkior Resources Inc. (CVE:MKR – Get Free Report)’s stock price shot up 50% on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 203,500 shares were traded during trading, an increase of 228% from the average session volume of 62,077 shares. The stock had previously closed at C$0.07.
Melkior Resources Trading Up 50.0 %
The firm has a market cap of C$3.60 million, a price-to-earnings ratio of -5.25 and a beta of 2.34. The firm’s 50-day moving average is C$0.07 and its 200-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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