MacDonald Mines Exploration (CVE:BMK) Sets New 52-Week High – What’s Next?

MacDonald Mines Exploration Ltd. (CVE:BMK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 63300 shares. The stock had previously closed at C$0.08.

MacDonald Mines Exploration Stock Performance

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 company has a market cap of C$2.86 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The business has a 50 day simple moving average of C$0.06 and a 200 day simple moving average 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.