Shares of Medallion Resources Ltd. (CVE:MDL) were down 21.2% during mid-day trading on Thursday . The stock traded as low as C$0.13 and last traded at C$0.13, approximately 399,180 shares changed hands during trading. An increase of 148% from the average daily volume of 161,110 shares. The stock had previously closed at C$0.17.

The stock has a market capitalization of $5.36 million and a PE ratio of -6.09. The business’s fifty day moving average price is C$0.19.

About Medallion Resources (CVE:MDL)

Medallion Resources Ltd. acquires and explores for mineral resource projects. It explores for monazite, a rare earth element. The company was incorporated in 1989 and is headquartered in Vancouver, Canada.

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