Melkior Resources (CVE:MKR) Shares Up 38.9% – Still a Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s stock price was up 38.9% on Wednesday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 252,000 shares were traded during mid-day trading, an increase of 84% from the average daily volume of 136,720 shares. The stock had previously closed at C$0.09.

Melkior Resources Trading Up 22.2 %

The company 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 simple moving average is C$0.07 and its two-hundred day simple moving average is 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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