Melkior Resources (CVE:MKR) Stock Price Up 36.8% – Should You Buy?

Melkior Resources Inc. (CVE:MKRGet Free Report) shares were up 36.8% on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.26. Approximately 435,460 shares were traded during mid-day trading, an increase of 362% from the average daily volume of 94,303 shares. The stock had previously closed at C$0.19.

Melkior Resources Stock Performance

The stock has a market cap of C$9.12 million, a P/E ratio of -26.00 and a beta of 0.83. The business’s 50-day moving average price is C$0.15 and its 200-day moving average price is C$0.13.

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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