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

MacDonald Mines Exploration Ltd. (CVE:BMK)’s stock price was up 25% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 933,000 shares were traded during mid-day 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 Price Performance

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 stock has a market cap of C$2.86 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The company’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.04.

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.