Melkior Resources (CVE:MKR) Reaches New 1-Year Low – What’s Next?

Melkior Resources Inc. (CVE:MKRGet Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 98000 shares changing hands. The stock had previously closed at C$0.09.

Melkior Resources Stock Down 17.6 %

The company has a market cap of C$2.40 million, a price-to-earnings ratio of -4.25 and a beta of 2.34. The company has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09.

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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