McChip Resources (CVE:MCS) Sets New 1-Year Low at $0.51

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McChip Resources Inc (CVE:MCS) shares hit a new 52-week low on Tuesday . The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 500 shares. The stock had previously closed at C$0.52.

The stock’s 50 day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.65. The firm has a market cap of $3.34 million and a P/E ratio of -7.08. The company has a debt-to-equity ratio of 17.64, a current ratio of 4.74 and a quick ratio of 4.70.

About McChip Resources (CVE:MCS)

McChip Resources Inc operates in the natural resource industry in Canada. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals. It holds a 100% working interest in 4,147 acres and a 50% working interest in 240 acres in the Rocainville Area located in south eastern Saskatchewan.

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