Midland Exploration (CVE:MD) Stock Crosses Above 200-Day Moving Average of $0.43

Shares of Midland Exploration Inc. (CVE:MD – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.43 and traded as high as C$0.62. Midland Exploration shares last traded at C$0.60, with a volume of 78,700 shares changing hands.

Midland Exploration Trading Up 15.4 %

The stock has a market cap of C$49.67 million, a PE ratio of -20.00 and a beta of 0.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.21 and a current ratio of 5.97. The company’s 50-day moving average price is C$0.51 and its 200 day moving average price is C$0.43.

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 100% interest in 460 claims covering an area of approximately 260 square kilometers located in the Abitibi region between the towns of Amos and Matagami.