MacDonald Mines Exploration (CVE:BMK) Shares Up 14.3% – Time to Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK)’s share price shot up 14.3% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 352,000 shares changed hands during mid-day trading, an increase of 238% from the average session volume of 104,192 shares. The stock had previously closed at C$0.07.

MacDonald Mines Exploration Price Performance

The company has a quick ratio of 0.27, a current ratio of 0.10 and a debt-to-equity ratio of 3.84. The company has a market cap of C$2.86 million, a price-to-earnings ratio of -4.00 and a beta of 0.15. The company has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04.

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.