Midland Exploration (CVE:MD) Shares Pass Below 200-Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemMidland Exploration Inc. (CVE:MD – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.49 and traded as low as C$0.43. Midland Exploration shares last traded at C$0.46, with a volume of 10,500 shares changing hands.
Midland Exploration Price Performance
The business’s fifty day simple moving average is C$0.50 and its 200-day simple moving average is C$0.49. The company has a current ratio of 5.91, a quick ratio of 4.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of C$51.97 million, a P/E ratio of -23.00 and a beta of 1.25.
About Midland Exploration
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.