Tarku Resources (CVE:TKU) Trading 50% Higher – Here’s What Happened

Tarku Resources Ltd. (CVE:TKU)’s stock price shot up 50% during trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 122,746 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 89,702 shares. The stock had previously closed at C$0.01.

Tarku Resources Stock Performance

The company has a debt-to-equity ratio of 5.36, a current ratio of 0.27 and a quick ratio of 1.32. The company has a fifty day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The stock has a market capitalization of C$1.90 million, a P/E ratio of -2.50 and a beta of -0.25.

Tarku Resources Company Profile

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.