Melkior Resources (CVE:MKR) Sets New 52-Week Low – Should You Sell?

Melkior Resources Inc. (CVE:MKRGet Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 62000 shares traded. The stock had previously closed at C$0.07.

Melkior Resources Trading Down 6.7 %

The stock has a market capitalization of C$2.40 million, a price-to-earnings ratio of -3.50 and a beta of 2.39. The company’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.10.

Melkior Resources Company Profile

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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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