MacDonald Mines Exploration (CVE:BMK) Hits New 1-Year Low – Here’s Why

by · The Cerbat Gem

MacDonald Mines Exploration Ltd. (CVE:BMK – Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 514100 shares trading hands. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Stock Performance

The firm has a market capitalization of C$1.33 million, a PE ratio of -4.00 and a beta of 0.15. 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 has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

About MacDonald Mines Exploration

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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.

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