Tarku Resources (CVE:TKU) Trading 50% Higher – Still a Buy?

Shares of Tarku Resources Ltd. (CVE:TKU) rose 50% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 122,746 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 99,042 shares. The stock had previously closed at C$0.01.

Tarku Resources Stock Performance

The firm has a market cap of C$1.27 million, a price-to-earnings ratio of -2.50 and a beta of -0.25. The stock’s fifty day moving average is C$0.01 and its two-hundred day moving average is C$0.01. The company has a debt-to-equity ratio of 5.36, a quick ratio of 1.32 and a current ratio of 0.27.

Tarku Resources Company Profile

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.