Melkior Resources (CVE:MKR) Shares Up 42.9% – Should You Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s stock price rose 42.9% on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 187,500 shares were traded during trading, an increase of 212% from the average daily volume of 60,077 shares. The stock had previously closed at C$0.07.

Melkior Resources Trading Up 50.0 %

The company has a market cap of C$3.60 million, a PE ratio of -5.25 and a beta of 2.34. The firm’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.08.

Melkior Resources Company Profile

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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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