Shares of MacDonald Mines Exploration Ltd. (CVE:BMK – Get Free Report) traded up 25% on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,279,200 shares changed hands during mid-day trading, an increase of 1,386% from the average session volume of 86,088 shares. The stock had previously closed at C$0.06.
MacDonald Mines Exploration Stock Up 16.7 %
The company has a current ratio of 0.10, a quick ratio of 0.27 and a debt-to-equity ratio of 3.84. The stock’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The stock has a market cap of C$2.67 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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