MacDonald Mines Exploration (CVE:BMK) Stock Price Up 42.9% – Here’s Why

MacDonald Mines Exploration Ltd. (CVE:BMK)’s stock price traded up 42.9% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 226,000 shares were traded during trading, an increase of 286% from the average session volume of 58,516 shares. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Price Performance

The business has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.04. The company has a quick ratio of 0.27, a current ratio of 0.10 and a debt-to-equity ratio of 3.84. The stock has a market capitalization of C$1.52 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.