MacDonald Mines Exploration (CVE:BMK) Reaches New 12-Month Low – Here’s Why

MacDonald Mines Exploration Ltd. (CVE:BMK) reached a new 52-week low on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 3000 shares trading hands. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Price Performance

The firm has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The stock has a market capitalization of C$1.14 million, a P/E 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.

MacDonald Mines Exploration Company Profile

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.