Midland Exploration (CVE:MD) Share Price Crosses Below 200-Day Moving Average of $0.50

Shares of Midland Exploration Inc. (CVE:MD – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.50 and traded as low as C$0.50. Midland Exploration shares last traded at C$0.50, with a volume of 46,240 shares traded.

Midland Exploration Stock Performance

The company has a quick ratio of 4.21, a current ratio of 5.97 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.50. The firm has a market cap of C$41.39 million, a PE ratio of -16.67 and a beta of 0.79.

Midland Exploration Company Profile

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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 100% interest in 460 claims covering an area of approximately 260 square kilometers located in the Abitibi region between the towns of Amos and Matagami.