Melkior Resources (CVE:MKR) Shares Up 23.1% – Here’s What Happened

Melkior Resources Inc. (CVE:MKR)’s stock price shot up 23.1% during trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 119,210 shares changed 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 market cap of C$7.46 million, a P/E ratio of -3.20 and a beta of 0.67. The firm’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.14.

About Melkior Resources

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.