MacDonald Mines Exploration (CVE:BMK) Sets New 52-Week Low – Time to Sell?

MacDonald Mines Exploration Ltd. (CVE:BMKGet Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 11700 shares traded. The stock had previously closed at C$0.04.

MacDonald Mines Exploration Price Performance

The stock has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.04. The firm has a market cap of C$1.33 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The company has a current ratio of 0.10, a quick ratio of 0.27 and a debt-to-equity ratio of 3.84.

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.

Further Reading

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