Midland Exploration (CVE:MD) Shares Cross Below 200 Day Moving Average – Here’s Why

Midland Exploration Inc. (CVE:MDGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.47 and traded as low as C$0.41. Midland Exploration shares last traded at C$0.41, with a volume of 23,310 shares traded.

Midland Exploration Stock Up 2.4%

The stock has a market cap of C$47.45 million, a P/E ratio of -21.00 and a beta of 1.37. The company has a quick ratio of 4.21, a current ratio of 5.46 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of C$0.43 and a 200-day simple moving average of C$0.47.

About Midland Exploration

(Get Free Report)

Midland Exploration Inc, a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposits, platinum group elements, and base metals. It holds interest in the Abitibi, Appalachians, James Bay, Grenville, and Nunavik region projects. Midland Exploration Inc was incorporated in 1995 and is headquartered in Montreal, Canada.

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