Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) rose 50% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 203,500 shares traded hands during mid-day trading, an increase of 228% from the average daily volume of 62,077 shares. The stock had previously closed at C$0.07.
Melkior Resources Trading Up 50.0 %
The company’s fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. The stock has a market capitalization of C$3.60 million, a P/E ratio of -5.25 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.
Featured Stories
- Five stocks we like better than Melkior Resources
- Breakout Stocks: What They Are and How to Identify Them
- Chipotle’s Slip: A Short-Term Dip or Long-Term Opportunity?
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Why New Tariffs Could Boost These 3 Basic Materials Stocks
- How to Short Nasdaq: An Easy-to-Follow Guide
- MarketBeat Week in Review – 02/03 – 02/07
Receive News & Ratings for Melkior Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melkior Resources and related companies with MarketBeat.com's FREE daily email newsletter.
