Home / Market Movers / Melkior Resources Inc. (CDX:MKR:CA) Advances 25.0% on January 13, Leads TSX Venture Basic Materials Sector

Melkior Resources Inc. (CDX:MKR:CA) Advances 25.0% on January 13, Leads TSX Venture Basic Materials Sector

With an advance of 25.0%, Melkior Resources Inc. (CDX:MKR:CA) was one of the best performing basic material stocks listed on the TSX Venture on January 13. After closing the previous session at $0.02, shares of MKR:CA opened this morning at $0.025 and closed the day at $0.025. Throughout the day, about 10,580 shares changed hands, compared to an average 30-day volume of 120,393 for Melkior Resources Inc.. Shares moved as high as $0.025 and as low as $0.025 in today’s trading action.

The share appreciation gives the company a market capitalization of $2.83 million based upon 141.41 million shares outstanding.

In the past 52 weeks, shares of Melkior Resources Inc. have traded as low as $0.015 and as high as $0.06. Technical traders will take note that at $0.025, shares of MKR:CA are trading above their 50-day moving average (MA) at $0.022 and below their 200-day MA at below $0.034. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.

Who is $Melkior Res?

Melkior Resources Inc is a mineral exploration company. It is engaged in the acquisition and exploration of mining properties. Its projects include Carscallen Gold, Launay gold, Long Lac Gold, Delta Kenty Nickel, and East Rim Nickel. The company is led by its CEO Keith James Deluce from its headquarters at 3208 Richmond Road.

For more information on Melkior Res and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

About FinancialPress.com

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