Midland Exploration (CVE:MD) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Midland Exploration Inc. (CVE:MD – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.42 and traded as low as C$0.39. Midland Exploration shares last traded at C$0.40, with a volume of 50,825 shares trading hands.

Midland Exploration Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 5.46 and a quick ratio of 4.21. The company’s 50 day simple moving average is C$0.42 and its 200 day simple moving average is C$0.46. The company has a market capitalization of C$44.06 million, a PE ratio of -19.50 and a beta of 1.39.

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. Midland Exploration Inc was incorporated in 1995 and is headquartered in Montreal, Canada.

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