MacDonald Mines Exploration (CVE:BMK) Hits New 12-Month Low – Here’s What Happened

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

MacDonald Mines Exploration Stock Up 16.7 %

The firm’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a market capitalization of C$1.33 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.