Tarku Resources (CVE:TKU) Shares Up 50% – Time to Buy?

Tarku Resources Ltd. (CVE:TKU)’s share price was up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 122,746 shares were traded during 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 Up 50.0 %

The stock’s 50-day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The company has a current ratio of 0.27, a quick ratio of 1.32 and a debt-to-equity ratio of 5.36. The stock has a market cap of C$1.90 million, a price-to-earnings ratio of -2.50 and a beta of -0.25.

About Tarku Resources

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.