Mincor Resources (ASX:MCR) Shares Up 5%

Mincor Resources NL (ASX:MCR) shot up 5% during mid-day trading on Monday . The stock traded as high as A$0.74 ($0.52) and last traded at A$0.73 ($0.52), 2,119,536 shares were traded during mid-day trading. The stock had previously closed at A$0.70 ($0.49).

The company has a market capitalization of $205.02 million and a price-to-earnings ratio of -11.72. The firm’s 50-day simple moving average is A$0.65 and its 200-day simple moving average is A$0.57.

Mincor Resources Company Profile (ASX:MCR)

Mincor Resources NL engages in the exploration, development, and mining of mineral resources in Australia. It explores for gold, nickel, and copper deposits. The company holds interests in the Durkin North, Miitel/Burnett, and Cassini nickel projects, as well as the Widgiemooltha gold project located in Kambalda, Western Australia.

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