MacDonald Mines Exploration (CVE:BMK) Reaches New 12-Month High – Still a Buy?

MacDonald Mines Exploration Ltd. (CVE:BMKGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.08, with a volume of 21700 shares traded. The stock had previously closed at C$0.09.

MacDonald Mines Exploration Trading Down 5.9 %

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 company has a market cap of C$3.05 million, a PE ratio of -4.00 and a beta of 0.15. The stock has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.05.

MacDonald Mines Exploration Company Profile

(Get Free Report)

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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