Melkior Resources (CVE:MKR) Sets New 12-Month Low – Here’s Why

Shares of Melkior Resources Inc. (CVE:MKRGet Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 114000 shares trading hands. The stock had previously closed at C$0.07.

Melkior Resources Trading Up 7.7 %

The stock has a market capitalization of C$2.40 million, a P/E ratio of -3.50 and a beta of 2.34. The business has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08.

Melkior Resources Company Profile

(Get Free Report)

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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