Midland Exploration (CVE:MD) Reaches New 1-Year Low – What’s Next?

Midland Exploration Inc. (CVE:MDGet Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.28 and last traded at C$0.33, with a volume of 55580 shares traded. The stock had previously closed at C$0.32.

Midland Exploration Stock Performance

The stock has a 50-day simple moving average of C$0.33 and a 200 day simple moving average of C$0.34. The company has a current ratio of 2.43, a quick ratio of 4.21 and a debt-to-equity ratio of 0.07. The company has a market cap of C$27.36 million, a price-to-earnings ratio of -10.50 and a beta of 1.05.

About Midland Exploration

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Midland Exploration Inc, a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposits, platinum group elements, and base metals. It holds interest in the Abitibi, Appalachians, James Bay, Grenville, and Nunavik region projects.

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