Midland Exploration (CVE:MD) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Shares passed below its 200-day moving average — Midland Exploration (CVE:MD) fell under the C$0.49 200-day MA on Thursday, trading as low as C$0.43 and last at C$0.46 on volume of 10,500 shares.
• Small cap, negative earnings but strong liquidity — the company has a market cap of C$51.97M, a negative P/E of -23, beta of 1.25, debt-to-equity of 0.55, and high quick/current ratios (4.21/5.91); it is a Canadian mineral exploration firm focused on gold, platinum-group elements and base metals.

Shares of Midland Exploration Inc. (CVE:MD - ) 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$0.43. Midland Exploration shares last traded at C$0.46, with a volume of 10,500 shares traded.

Midland Exploration Price Performance

The firm has a market cap of C$51.97 million, a PE ratio of -23.00 and a beta of 1.25. The firm has a fifty day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 4.21 and a current ratio of 5.91.

About Midland Exploration

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.

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