Medallion Resources Ltd. (CVE:MDL – Get Free Report) shares shot up 50% on Monday . The company traded as high as C$0.11 and last traded at C$0.11. 40,714 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 63,914 shares. The stock had previously closed at C$0.07.
Medallion Resources Price Performance
The firm has a market capitalization of C$1.05 million, a PE ratio of -0.38 and a beta of 2.45. The company has a debt-to-equity ratio of 263.82, a current ratio of 0.03 and a quick ratio of 0.90. The business’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.05.
About Medallion Resources
Medallion Resources Ltd. focuses on a rare earth element business. It is involving in processing monazite, a by-product mineral from heavy-mineral-sands mining operations. The company focuses on mid-stream separation and purification of rare earth oxides and salts based on ligand assisted displacement chromatography.
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