Shares of Melkior Resources Inc. (CVE:MKR – Get Free Report) shot up 50% during mid-day trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 203,500 shares traded hands during 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 Trading Up 50.0 %
The stock has a market capitalization of C$3.60 million, a P/E ratio of -5.25 and a beta of 2.34. The firm’s fifty day moving average is C$0.07 and its 200-day moving average is 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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