Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) shot up 22.2% on Wednesday . The company traded as high as C$0.13 and last traded at C$0.11. 311,600 shares traded hands during trading, an increase of 119% from the average session volume of 142,138 shares. The stock had previously closed at C$0.09.
Melkior Resources Price Performance
The company has a market cap of C$3.77 million, a price-to-earnings ratio of -5.50 and a beta of 2.34. The firm has a 50-day moving average price of C$0.07 and a 200 day moving average price of C$0.08.
Melkior Resources Company Profile
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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