Melkior Resources (CVE:MKR) Hits New 1-Year Low – Time to Sell?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 98000 shares. The stock had previously closed at C$0.09.

Melkior Resources Price Performance

The company has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.09. The company has a market cap of C$2.40 million, a P/E ratio of -3.50 and a beta of 2.34.

About Melkior Resources

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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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