MacDonald Mines Exploration (CVE:BMK) Reaches New 52-Week High – Still a Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK) reached a new 52-week high on Monday . The company traded as high as C$0.05 and last traded at C$0.05, with a volume of 35200 shares trading hands. The stock had previously closed at C$0.05.

MacDonald Mines Exploration Stock Up 11.1 %

The stock has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. The firm has a market cap of C$1.90 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. 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.