MacDonald Mines Exploration (CVE:BMK) Reaches New 12-Month Low – What’s Next?

MacDonald Mines Exploration Ltd. (CVE:BMK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 66350 shares traded. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Price Performance

The company has a market capitalization of C$1.14 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The company has a quick ratio of 0.27, a current ratio of 0.10 and a debt-to-equity ratio of 3.84. The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of 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.