Melkior Resources (CVE:MKR) Sets New 12-Month Low – Should You Sell?

Shares of Melkior Resources Inc. (CVE:MKRGet Free Report) hit a new 52-week low on Thursday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 1600 shares. The stock had previously closed at C$0.07.

Melkior Resources Stock Performance

The firm has a market cap of C$2.40 million, a PE ratio of -3.50 and a beta of 2.34. The company has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.08.

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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