MacDonald Mines Exploration Ltd. (CVE:BMK – Get Free Report)’s stock price rose 25% during trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 933,000 shares traded hands during mid-day trading, an increase of 1,584% from the average daily volume of 55,419 shares. The stock had previously closed at C$0.06.
MacDonald Mines Exploration Stock Performance
The stock has a 50-day moving average price of C$0.05 and a 200 day moving average price of 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 cap of C$2.67 million, a PE 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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