MacDonald Mines Exploration (CVE:BMK) Sets New 1-Year Low – What’s Next?

MacDonald Mines Exploration Ltd. (CVE:BMK) hit a new 52-week low on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 10000 shares traded. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Stock Down 14.3 %

The company has a market cap of C$1.14 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. 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’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.04.

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.