MacDonald Mines Exploration (CVE:BMK) Stock Price Up 16.7% – Should You Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK)’s share price shot up 16.7% on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 609,100 shares changed hands during mid-day trading, an increase of 1,147% from the average session volume of 48,829 shares. The stock had previously closed at C$0.06.

MacDonald Mines Exploration Stock Up 7.1 %

The firm’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.04. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.27 and a current ratio of 0.10. The stock has a market cap of C$2.86 million, a P/E 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.