Tarku Resources (CVE:TKU) Shares Up 50% – Time to Buy?

Tarku Resources Ltd. (CVE:TKU)’s stock price shot up 50% on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 537,990 shares traded hands during 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 firm has a market capitalization of C$1.90 million, a P/E ratio of -2.50 and a beta of -0.25. 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 firm has a 50-day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01.

About Tarku Resources

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.