MacDonald Mines Exploration (CVE:BMK) Shares Up 20% – Still a Buy?

MacDonald Mines Exploration Ltd. (CVE:BMK) shares traded up 20% on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. 103,050 shares changed hands during trading, an increase of 13% from the average session volume of 91,084 shares. The stock had previously closed at C$0.08.

MacDonald Mines Exploration Price Performance

The stock has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05. The company has a debt-to-equity ratio of 3.84, a quick ratio of 0.27 and a current ratio of 0.10. The company has a market capitalization of C$3.24 million, a PE ratio of -4.00 and a beta of 0.15.

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.