MacDonald Mines Exploration (CVE:BMK) Shares Up 11.1%

MacDonald Mines Exploration Ltd. (CVE:BMK) rose 11.1% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.10, approximately 119,900 shares changed hands during mid-day trading. A decline of 60% from the average daily volume of 297,873 shares. The stock had previously closed at C$0.09.

The firm has a market cap of $14.69 million and a price-to-earnings ratio of -8.21. The company’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.08.

MacDonald Mines Exploration Company Profile (CVE:BMK)

MacDonald Mines Exploration Ltd., an exploration stage company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, zinc, cobalt, copper, nickel, platinum group elements, chromite, and vanadium deposits. It holds a 100% interest in the Wawa- Holdsworth gold and silver project that include 18 contiguous mining claims covering an area of approximately 285 hectares located in the Corbiere and Esquega Townships of Northern Ontario.

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