Midland Exploration (CVE:MD) Sets New 52-Week High - Here's Why

Key Points

• Midland Exploration Inc. has achieved a new 52-week high stock price of C$0.57 during trading, up from a previous closing of C$0.52, with a trading volume of 148,745 shares.
• The company boasts a strong financial position with a debt-to-equity ratio of 0.04 and a current ratio of 3.12, indicating good liquidity.
• Midland Exploration focuses on the acquisition and exploration of mineral properties in Canada, primarily targeting gold and other valuable metals across several regions.

Midland Exploration Inc. (CVE:MD - )'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.57 and last traded at C$0.57, with a volume of 148745 shares. The stock had previously closed at C$0.52.

Midland Exploration Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 3.12 and a quick ratio of 4.21. The firm's 50 day moving average is C$0.45 and its 200 day moving average is C$0.36. The firm has a market cap of C$61.25 million, a P/E ratio of -28.50 and a beta of 1.30.

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.

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