Medallion Resources Ltd. (CVE:MDL – Get Free Report)’s stock price shot up 50% on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. 40,714 shares changed hands during trading, a decline of 36% from the average session volume of 63,914 shares. The stock had previously closed at C$0.07.
Medallion Resources Trading Up 50.0 %
The company has a market cap of C$1.05 million, a price-to-earnings ratio of -0.38 and a beta of 2.45. The company’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.06. The company has a quick ratio of 0.90, a current ratio of 0.03 and a debt-to-equity ratio of 263.82.
About Medallion Resources
Medallion Resources Ltd. focuses on a rare earth element business. It is involving in processing monazite, a by-product mineral from heavy-mineral-sands mining operations. The company focuses on mid-stream separation and purification of rare earth oxides and salts based on ligand assisted displacement chromatography.
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