MacDonald Mines Exploration (CVE:BMK) Trading Up 6.7% – Here’s What Happened

MacDonald Mines Exploration Ltd. (CVE:BMKGet Free Report) shares rose 6.7% during mid-day trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.08. Approximately 74,050 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 90,440 shares. The stock had previously closed at C$0.08.

MacDonald Mines Exploration Trading Up 20.0 %

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’s fifty day moving average is C$0.06 and its 200-day moving average is C$0.05. The stock has a market capitalization of C$3.43 million, a PE ratio of -4.00 and a beta of 0.15.

MacDonald Mines Exploration Company Profile

(Get Free Report)

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.

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