Melkior Resources (CVE:MKR) Reaches New 12-Month Low – Here’s Why

Melkior Resources Inc. (CVE:MKRGet Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 3100 shares. The stock had previously closed at C$0.07.

Melkior Resources Price Performance

The company has a market cap of C$2.23 million, a P/E ratio of -3.25 and a beta of 2.34. The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.08.

About Melkior Resources

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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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