Melkior Resources (CVE:MKR) Trading 6.3% Higher – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price was up 6.3% during trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 63,000 shares were traded during trading, an increase of 32% from the average daily volume of 47,614 shares. The stock had previously closed at C$0.08.

Melkior Resources Stock Performance

The company has a market cap of C$3.08 million, a price-to-earnings ratio of -5.00 and a beta of 2.34. The business has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.10.

About Melkior Resources

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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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