MacDonald Mines Exploration (CVE:BMK) Trading 50% Higher

Shares of MacDonald Mines Exploration Ltd. (CVE:BMK) were up 50% during trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 124,200 shares changed hands during trading, an increase of 79% from the average daily volume of 69,476 shares. The stock had previously closed at C$0.03.

MacDonald Mines Exploration Price Performance

The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.27 and a current ratio of 0.18. The company has a market capitalization of C$2.28 million, a P/E ratio of -3.00 and a beta of 0.46. The firm’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.05.

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.