Melkior Resources (CVE:MKR) Hits New 12-Month Low – What’s Next?

Shares of Melkior Resources Inc. (CVE:MKRGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 60550 shares changing hands. The stock had previously closed at C$0.07.

Melkior Resources Trading Down 7.1 %

The firm has a market capitalization of C$2.23 million, a price-to-earnings ratio of -3.25 and a beta of 2.34. The stock has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.09.

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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