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

Midland Exploration Inc. (CVE:MD)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.47 and traded as high as C$0.58. Midland Exploration shares last traded at C$0.57, with a volume of 94,257 shares.

Midland Exploration Price Performance

The company has a fifty day simple moving average of C$0.47 and a two-hundred day simple moving average of C$0.45. The stock has a market capitalization of C$64.39 million, a price-to-earnings ratio of -28.50 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.21 and a current ratio of 3.12.

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. Midland Exploration Inc was incorporated in 1995 and is headquartered in Montreal, Canada.