McChip Resources Inc (CVE:MCS) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.51 and last traded at C$0.51, with a volume of 500 shares. The stock had previously closed at C$0.52.

The firm’s 50-day moving average is C$0.55 and its 200-day moving average is C$0.65. The company has a debt-to-equity ratio of 17.64, a current ratio of 4.74 and a quick ratio of 4.70. The company has a market capitalization of $3.34 million and a P/E ratio of -7.08.

McChip Resources Company Profile (CVE:MCS)

McChip Resources Inc operates in the natural resource industry in Canada. The company invests in petroleum interests in Western Canada, as well as direct and indirect interests in minerals. It holds a 100% working interest in 4,147 acres and a 50% working interest in 240 acres in the Rocainville Area located in south eastern Saskatchewan.

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