MacDonald Mines Exploration (CVE:BMK) Trading 20% Higher – What’s Next?

MacDonald Mines Exploration Ltd. (CVE:BMK) shot up 20% during mid-day trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. 103,050 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 91,084 shares. The stock had previously closed at C$0.08.

MacDonald Mines Exploration Stock Up 20.0 %

The company has a debt-to-equity ratio of 3.84, a current ratio of 0.10 and a quick ratio of 0.27. The firm’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The firm has a market capitalization of C$3.43 million, a price-to-earnings ratio of -4.00 and a beta of 0.15.

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.