Melkior Resources (CVE:MKR) Shares Up 36.8% – Should You Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price rose 36.8% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.26. Approximately 435,460 shares traded hands during trading, an increase of 362% from the average daily volume of 94,303 shares. The stock had previously closed at C$0.19.

Melkior Resources Trading Up 36.8%

The stock has a 50-day moving average of C$0.15 and a two-hundred day moving average of C$0.13. The firm has a market cap of C$9.12 million, a price-to-earnings ratio of -26.00 and a beta of 0.83.

Melkior Resources Company Profile

(Get Free Report)

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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