MacDonald Mines Exploration (CVE:BMK) Trading Up 42.9% – Still a Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK)’s stock price traded up 42.9% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 226,000 shares traded hands during mid-day 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 Stock Up 14.3 %

The firm has a market cap of C$1.52 million, a P/E ratio of -4.00 and a beta of 0.15. The firm’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.04. The company has a debt-to-equity ratio of 3.84, a current ratio of 0.10 and a quick ratio of 0.27.

MacDonald Mines Exploration Company Profile

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.