MacDonald Mines Exploration (CVE:BMK) Stock Price Up 16.7% – Time to Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK) traded up 16.7% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.07. 609,100 shares traded hands during mid-day trading, an increase of 1,147% from the average session volume of 48,829 shares. The stock had previously closed at C$0.06.

MacDonald Mines Exploration Stock Performance

The stock has a 50 day moving average of C$0.05 and a 200 day 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 firm has a market cap of C$2.86 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.