Tarku Resources (CVE:TKU) Trading 50% Higher – Here’s What Happened

Shares of Tarku Resources Ltd. (CVE:TKU) rose 50% during trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 122,746 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 99,042 shares. The stock had previously closed at C$0.01.

Tarku Resources Stock Up 50.0 %

The company has a quick ratio of 1.32, a current ratio of 0.27 and a debt-to-equity ratio of 5.36. The business has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The stock has a market capitalization of C$1.90 million, a P/E ratio of -2.50 and a beta of -0.25.

About Tarku Resources

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.