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

Tarku Resources Ltd. (CVE:TKU) shot up 50% during trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 537,990 shares changed hands during mid-day trading, an increase of 653% from the average session volume of 71,405 shares. The stock had previously closed at C$0.01.

Tarku Resources Stock Performance

The stock has a market cap of C$1.90 million, a price-to-earnings ratio of -2.50 and a beta of -0.25. The business has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01. The company has a debt-to-equity ratio of 5.36, a quick ratio of 1.32 and a current ratio of 0.27.

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.