MacDonald Mines Exploration (CVE:BMK) Sets New 12-Month High – Should You Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK) shares reached a new 52-week high on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09, with a volume of 1573 shares traded. The stock had previously closed at C$0.08.

MacDonald Mines Exploration Trading Up 20.0 %

The company has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.05. 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 capitalization of C$3.43 million, a price-to-earnings ratio of -4.00 and a beta of 0.15.

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.