Midland Exploration (CVE:MD) Hits New 12-Month Low – Here’s Why

Midland Exploration Inc. (CVE:MD)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.37 and last traded at C$0.40, with a volume of 94350 shares trading hands. The stock had previously closed at C$0.39.

Midland Exploration Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 5.32 and a quick ratio of 4.21. The firm has a market cap of C$46.18 million, a price-to-earnings ratio of -37.00 and a beta of 1.40. The firm has a fifty day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.43.

Midland Exploration Company Profile

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.