Melkior Resources (CVE:MKR) Trading Down 7.7% – Time to Sell?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s stock price traded down 7.7% on Monday . The company traded as low as C$0.12 and last traded at C$0.12. 68,500 shares traded hands during trading, a decline of 35% from the average session volume of 105,033 shares. The stock had previously closed at C$0.13.

Melkior Resources Stock Performance

The stock’s fifty day moving average price is C$0.14 and its 200-day moving average price is C$0.14. The firm has a market cap of C$4.21 million, a PE ratio of -12.00 and a beta of 1.07.

About Melkior Resources

(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.

Further Reading

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