Melkior Resources (CVE:MKR) Reaches New 12-Month Low – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 114000 shares. The stock had previously closed at C$0.07.

Melkior Resources Trading Down 7.1 %

The company has a market cap of C$2.23 million, a price-to-earnings ratio of -3.25 and a beta of 2.34. The firm has a 50-day moving average price of C$0.08 and a 200 day moving average price 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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