Simon Lussier Acquires 25,000 Shares of Midland Exploration (CVE:MD) Stock

Midland Exploration Inc. (CVE:MD) Director Simon Lussier acquired 25,000 shares of Midland Exploration stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of C$0.44 per share, with a total value of C$11,000.00. Following the completion of the purchase, the director owned 40,000 shares of the company’s stock, valued at approximately C$17,600. The trade was a 166.67% increase in their ownership of the stock.

Midland Exploration Stock Performance

Shares of CVE:MD traded down C$0.01 during trading on Tuesday, hitting C$0.44. The stock had a trading volume of 23,704 shares, compared to its average volume of 57,733. Midland Exploration Inc. has a 12-month low of C$0.30 and a 12-month high of C$0.59. The stock has a market capitalization of C$49.71 million, a price-to-earnings ratio of -22.00 and a beta of 1.53. The company has a quick ratio of 4.21, a current ratio of 5.46 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.47.

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.