Midland Exploration (CVE:MD) Shares Up 10.2% – Still a Buy?

Midland Exploration Inc. (CVE:MD)’s stock price 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 mid-day 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 Price Performance

The company has a market capitalization of C$51.97 million, a price-to-earnings ratio of -23.00 and a beta of 1.25. The company has a current ratio of 5.91, a quick ratio of 4.21 and a debt-to-equity ratio of 0.55. The company’s 50 day simple moving average is C$0.51 and its 200-day simple moving average is C$0.49.

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.