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

Midland Exploration Inc. (CVE:MD)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.49 and traded as low as C$0.45. Midland Exploration shares last traded at C$0.47, with a volume of 104,420 shares traded.

Midland Exploration Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.21 and a current ratio of 5.91. The company’s fifty day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.49. The stock has a market capitalization of C$53.10 million, a PE ratio of -23.50 and a beta of 1.25.

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.