Melkior Resources (CVE:MKR) Shares Down 7.7% – Time to Sell?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s stock price was down 7.7% during mid-day trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 68,500 shares traded hands during trading, a decline of 35% from the average daily volume of 105,033 shares. The stock had previously closed at C$0.13.

Melkior Resources Stock Up 4.2%

The firm has a market capitalization of C$4.38 million, a P/E ratio of -12.50 and a beta of 1.07. The company has a fifty day simple moving average of C$0.14 and a 200 day simple moving average of C$0.14.

About Melkior Resources

(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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