Midland Exploration (CVE:MD) Stock Passes Above 200-Day Moving Average – Here’s Why

Midland Exploration Inc. (CVE:MDGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.32 and traded as high as C$0.33. Midland Exploration shares last traded at C$0.33, with a volume of 6,000 shares traded.

Midland Exploration Stock Up 4.8 %

The stock has a market capitalization of C$28.23 million, a price-to-earnings ratio of -10.83 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 4.21. The firm’s fifty day moving average is C$0.31 and its 200-day moving average is C$0.32.

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 interest in the Abitibi, Appalachians, James Bay, Grenville, and Nunavik region projects.

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