Midland Exploration (CVE:MD) Reaches New 12-Month Low – Here’s What Happened

Midland Exploration Inc. (CVE:MD)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.31, with a volume of 64664 shares traded. The stock had previously closed at C$0.32.

Midland Exploration Price Performance

The company’s 50 day moving average is C$0.33 and its 200 day moving average is C$0.34. The firm has a market capitalization of C$26.50 million, a price-to-earnings ratio of -10.17 and a beta of 1.05. The company has a quick ratio of 4.21, a current ratio of 2.43 and a debt-to-equity ratio of 0.07.

Midland Exploration (CVE:MD) last released its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.06 million for the quarter.

Midland Exploration Company Profile

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.