MacDonald Mines Exploration (CVE:BMK) Sets New 1-Year High – Time to Buy?

Shares of MacDonald Mines Exploration Ltd. (CVE:BMKGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09, with a volume of 32805 shares. The stock had previously closed at C$0.09.

MacDonald Mines Exploration Stock Down 5.6 %

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 firm’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.05. The firm has a market capitalization of C$3.24 million, a PE ratio of -4.00 and a beta of 0.15.

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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