Melkior Resources (CVE:MKR) Shares Up 23.1% – Time to Buy?

Melkior Resources Inc. (CVE:MKR)’s stock price shot up 23.1% on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. 119,210 shares traded hands during trading, a decline of 46% from the average session volume of 222,133 shares. The stock had previously closed at C$0.13.

Melkior Resources Stock Up 23.1%

The company has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.14. The company has a market cap of C$7.46 million, a price-to-earnings ratio of -3.20 and a beta of 0.67.

Melkior Resources Company Profile

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. The company was founded in 1986 and is headquartered in Timmins, Canada.