Tarku Resources (CVE:TKU) Shares Up 50% – Here’s What Happened

Tarku Resources Ltd. (CVE:TKU) shares shot up 50% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. 706,000 shares were traded during trading, an increase of 891% from the average session volume of 71,273 shares. The stock had previously closed at C$0.01.

Tarku Resources Stock Up 50.0%

The company has a debt-to-equity ratio of 5.36, a current ratio of 0.27 and a quick ratio of 1.32. The stock has a market capitalization of C$1.90 million, a PE ratio of -2.50 and a beta of -0.25. The company has a 50 day moving average price of C$0.01 and a 200-day moving average price of C$0.01.

Tarku Resources Company Profile

Tarku Resources Ltd. engages in the exploration of mineral resources in Quebec and Arizona. The company explores for gold, lead, zinc, silver, copper, nickel, cobalt, and platinum group element deposits. It holds 100% interests in the Apollo project covering 96 claims with an area of 5,273 hectares; Admiral project comprising 78 claims with an area of 4,334 hectares; and Atlas project consisting of 74 claims with an area of 4,111 hectares located in Quebec.