Midland Exploration (CVE:MD) Sets New 1-Year Low – Here’s Why

Midland Exploration Inc. (CVE:MDGet Free Report)’s share price hit a new 52-week low on Friday . The stock traded as low as C$0.28 and last traded at C$0.30, with a volume of 70450 shares. The stock had previously closed at C$0.30.

Midland Exploration Price Performance

The company has a current ratio of 3.12, a quick ratio of 4.21 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of C$0.33 and a 200-day simple moving average of C$0.32. The firm has a market cap of C$28.09 million, a PE ratio of -13.30 and a beta of 1.05.

Midland Exploration Company Profile

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Midland Exploration Inc, a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposits, platinum group elements, and base metals. It holds interest in the Abitibi, Appalachians, James Bay, Grenville, and Nunavik region projects.

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