MacDonald Mines Exploration (CVE:BMK) Reaches New 1-Year Low – Time to Sell?

MacDonald Mines Exploration Ltd. (CVE:BMKGet Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 66350 shares changing hands. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Price Performance

The business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$1.14 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.27 and a current ratio of 0.10.

About MacDonald Mines Exploration

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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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