Midland Exploration (CVE:MD) Stock Price Crosses Below 200-Day Moving Average of $1.08

Midland Exploration Inc. (CVE:MD)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.08 and traded as low as $0.85. Midland Exploration shares last traded at $0.85, with a volume of 2,000 shares.

The firm has a fifty day moving average price of C$0.91 and a 200-day moving average price of C$1.08. The firm has a market cap of $59.92 million and a price-to-earnings ratio of -80.00.

Midland Exploration (CVE:MD) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.01 earnings per share (EPS) for the quarter.

Midland Exploration Company Profile (CVE:MD)

Midland Exploration Inc, a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold, nickel, copper, cobalt, zinc, and precious metal deposits, as well as base metals. It holds interest in various projects located in the Abitibi, Grenville-Appalaches, James Bay, Northern Quebec, and Labrador Trough.

Further Reading: The limitations of an equal weight rating

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