Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) shot up 22.2% on Wednesday . The stock traded as high as C$0.13 and last traded at C$0.11. 311,600 shares traded hands during mid-day trading, an increase of 119% from the average session volume of 142,138 shares. The stock had previously closed at C$0.09.
Melkior Resources Price Performance
The firm has a market capitalization of C$3.77 million, a PE ratio of -5.50 and a beta of 2.34. The business’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.08.
Melkior Resources Company Profile
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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