Midland Exploration (CVE:MD) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Midland Exploration Inc. (CVE:MD)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.49 and traded as low as C$0.45. Midland Exploration shares last traded at C$0.45, with a volume of 11,300 shares changing hands.

Midland Exploration Price Performance

The stock has a market capitalization of C$50.27 million, a P/E ratio of -22.25 and a beta of 1.47. The company has a current ratio of 5.91, a quick ratio of 4.21 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.49.

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.