MacDonald Mines Exploration Ltd. (CVE:BMK – Get Free Report) shares were up 42.9% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 226,000 shares traded hands during mid-day trading, an increase of 286% from the average daily volume of 58,516 shares. The stock had previously closed at C$0.04.
MacDonald Mines Exploration Price Performance
The company’s 50-day moving average is C$0.03 and its 200-day moving average is C$0.04. The company has a debt-to-equity ratio of 3.84, a current ratio of 0.10 and a quick ratio of 0.27. The firm has a market capitalization of C$1.90 million, a price-to-earnings ratio of -4.00 and a beta of 0.15.
About MacDonald Mines Exploration
MacDonald Mines Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, silver, copper, cobalt, and nickel deposits. It owns 100% interests in the Scadding-Powerline-Jovan project that covers an area of 19,455 hectares located in the southeast of the prolific Sudbury Mining Camp in Northern Ontario; and the Hembruff Copper Property, which consists of 30 mining claims that covers an area of 6.64 square kilometers situated in the Elliot Lake, Ontario.
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