MacDonald Mines Exploration (CVE:BMK) Sets New 52-Week High – Should You Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06, with a volume of 48455 shares changing hands. The stock had previously closed at C$0.05.

MacDonald Mines Exploration Price Performance

The company has a market capitalization of C$2.09 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The business’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a quick ratio of 0.27, a current ratio of 0.10 and a debt-to-equity ratio of 3.84.

MacDonald Mines Exploration Company Profile

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.