MacDonald Mines Exploration (CVE:BMK) Reaches New 1-Year Low at $0.02

Shares of MacDonald Mines Exploration Ltd. (CVE:BMK – Get Rating) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 6168 shares trading hands. The stock had previously closed at C$0.03.

The company has a debt-to-equity ratio of 3.84, a current ratio of 2.73 and a quick ratio of 2.24. The firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The company has a market cap of C$6.47 million and a price-to-earnings ratio of -2.14.

MacDonald Mines Exploration Company Profile (CVE:BMK)

MacDonald Mines Exploration Ltd., an exploration stage company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, cobalt, copper, nickel, silica, and iron-oxide deposits. It holds a 100% interest in the Wawa- Holdsworth gold and silver project that include 18 contiguous mining claims covering an area of approximately 285 hectares located in the Corbiere and Esquega Townships of Northern Ontario; and has an option to acquire 100% interest in the Scadding-Powerline-Jovan Properties that covers an area of 18,340 hectares located near Sudbury, Ontario.

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