Melkior Resources (CVE:MKR) Stock Price Up 42.9% – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report) traded up 42.9% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 187,500 shares changed hands during mid-day trading, an increase of 212% from the average session volume of 60,077 shares. The stock had previously closed at C$0.07.

Melkior Resources Stock Up 50.0 %

The company has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.08. The firm has a market capitalization of C$3.60 million, a PE ratio of -5.25 and a beta of 2.34.

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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