Melkior Resources (CVE:MKR) Stock Price Up 50% – Should You Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report) traded up 50% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 203,500 shares changed hands during mid-day trading, an increase of 228% from the average session volume of 62,077 shares. The stock had previously closed at C$0.07.

Melkior Resources Stock Up 50.0 %

The firm has a 50-day moving average price of C$0.07 and a 200 day moving average price of C$0.08. The firm has a market capitalization of C$3.60 million, a PE ratio of -5.25 and a beta of 2.34.

Melkior Resources Company Profile

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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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