Melkior Resources (CVE:MKR) Reaches New 52-Week Low – Here’s Why

Shares of Melkior Resources Inc. (CVE:MKRGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 1000 shares. The stock had previously closed at C$0.07.

Melkior Resources Stock Up 50.0 %

The company has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.08. The company has a market cap of C$3.60 million, a price-to-earnings ratio of -5.25 and a beta of 2.34.

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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