Melkior Resources Inc (CVE:MKR) shares dropped 16.7% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03, approximately 827,000 shares were traded during trading. An increase of 394% from the average daily volume of 167,433 shares. The stock had previously closed at C$0.03.

The business’s fifty day simple moving average is C$0.03. The stock has a market capitalization of $5.81 million and a price-to-earnings ratio of 7.50.

About Melkior Resources (CVE:MKR)

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, nickel, copper, platinum group elements, and volcanic mafic sulfide. Its flagship property is the Carscallen gold project with 295 claims covering 47.12 square kilometers located to the west of Timmins, Ontario.

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