Melior Resources (CVE:MLR) Trading 16.7% Higher

Melior Resources Inc (CVE:MLR) traded up 16.7% during mid-day trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04, 13,000 shares traded hands during mid-day trading. A decline of 83% from the average session volume of 75,089 shares. The stock had previously closed at C$0.03.

The firm has a market capitalization of $748,000.00 and a P/E ratio of -0.05. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 329.66. The firm’s fifty day moving average price is C$0.03.

Melior Resources (CVE:MLR) last announced its quarterly earnings results on Friday, May 29th. The company reported C($0.03) earnings per share (EPS) for the quarter.

Melior Resources Company Profile (CVE:MLR)

Melior Resources Inc engages in the exploration and development of mineral properties in Australia. Its primary project is the Goondicum ilmenite and apatite mine property located at Monto in Queensland, Australia. The company was formerly known as Coalcorp Mining Inc and changed its name to Melior Resources Inc in September 2011.

Further Reading: How to interpret Moving Average Convergence Divergence (MACD)

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