Midland Exploration (CVE:MD) Stock Price Up 10.2% – What’s Next?

Shares of Midland Exploration Inc. (CVE:MD) shot up 10.2% during mid-day trading on Thursday . The company traded as high as C$0.49 and last traded at C$0.49. 227,000 shares traded hands during trading, an increase of 210% from the average session volume of 73,151 shares. The stock had previously closed at C$0.44.

Midland Exploration Stock 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 stock has a market cap of C$54.23 million, a PE ratio of -24.00 and a beta of 1.25. The firm has a fifty day moving average price of C$0.51 and a 200 day moving average price 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.