MacDonald Mines Exploration (CVE:BMK) Shares Up 25% – What’s Next?

MacDonald Mines Exploration Ltd. (CVE:BMK)’s share price was up 25% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 933,000 shares changed hands during trading, an increase of 1,584% from the average daily volume of 55,419 shares. The stock had previously closed at C$0.06.

MacDonald Mines Exploration Stock Performance

The firm’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.04. 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 firm has a market capitalization of C$2.86 million, a PE 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.