Melkior Resources Inc. (CVE:MKR – Get Free Report)’s stock price dropped 23.8% during trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 187,300 shares changed hands during mid-day trading, an increase of 181% from the average daily volume of 66,602 shares. The stock had previously closed at C$0.11.
Melkior Resources Price Performance
The firm’s 50 day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.08. The firm has a market capitalization of C$3.77 million, a P/E ratio of -5.50 and a beta of 2.34.
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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