Midland Exploration (CVE:MD) Hits New 52-Week Low – Here’s Why

Midland Exploration Inc. (CVE:MD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.30 and last traded at C$0.31, with a volume of 64664 shares. The stock had previously closed at C$0.32.

Midland Exploration Trading Down 3.1 %

The firm’s 50 day moving average price is C$0.33 and its 200-day moving average price is C$0.34. The stock has a market cap of C$26.93 million, a P/E ratio of -10.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 4.21.

Midland Exploration (CVE:MD) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$0.06 million for the quarter.

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.