Midland Exploration (TSXV:MD) - Stock Price, News & Analysis

MD Stock Overview

A mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. More details

MD fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 10.9% per year over past 5 years

Makes less than USD$1m in revenue (CA$300K)

Does not have a meaningful market cap (CA$27M)

Midland Exploration Inc. Competitors

EarthLabs

TSXV:SPOT

CA$23.4m

Star Royalties

TSXV:STRR

CA$21.7m

Cassiar Gold

TSXV:GLDC

CA$26.7m

East Africa Metals

TSXV:EAM

CA$26.9m

Price History & Performance

Summary of all time highs, changes and price drops for Midland Exploration
Historical stock prices
Current Share Price	CA$0.32
52 Week High	CA$0.45
52 Week Low	CA$0.28
Beta	1.05
11 Month Change	-10.00%
3 Month Change	-1.56%
1 Year Change	-18.18%
33 Year Change	-43.75%
5 Year Change	-57.43%
Change since IPO	-50.00%

Recent updates

We're Hopeful That Midland Exploration (CVE:MD) Will Use Its Cash Wisely

Jun 26

We Think Some Shareholders May Hesitate To Increase Midland Exploration Inc.'s (CVE:MD) CEO Compensation

Feb 03

Shareholders Will Probably Hold Off On Increasing Midland Exploration Inc.'s (CVE:MD) CEO Compensation For The Time Being

Feb 18

How Much Does Midland Exploration's (CVE:MD) CEO Make?

Jan 11

Shareholder Returns

	MD	CA Metals and Mining	CA Market
7D	3.3%	5.6%	1.3%
1Y	-18.2%	31.8%	23.1%

Return vs Industry: MD underperformed the Canadian Metals and Mining industry which returned 30% over the past year.

Return vs Market: MD underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is MD's price volatile compared to industry and market?
MD volatility
MD Average Weekly Movement	6.3%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: MD has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MD's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	n/a	Gino Roger	www.midlandexploration.com

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. Fundamentals Summary

How do Midland Exploration's earnings and revenue compare to its market cap?
MD fundamental statistics
Market cap	CA$27.36m
Earnings (TTM)	-CA$2.73m
Revenue (TTM)	CA$300.28k

91.1x

P/S Ratio

-10.0x

P/E Ratio

Is MD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MD income statement (TTM)
Revenue	CA$300.28k
Cost of Revenue	CA$0
Gross Profit	CA$300.28k
Other Expenses	CA$3.03m
Earnings	-CA$2.73m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.031
Gross Margin	100.00%
Net Profit Margin	-907.69%
Debt/Equity Ratio	0%

How did MD perform over the long term?

See historical performance and comparison

MD Stock Overview

Risk Analysis

Midland Exploration Inc. Competitors

TSXV:SPOT

CA$23.4m

TSXV:STRR

CA$21.7m

TSXV:GLDC

CA$26.7m

TSXV:EAM

CA$26.9m

Price History & Performance

Recent News & Updates

Midland Exploration Inc. Identifies Gold Potential on its Caniapisc Au Project, James Bay

Midland Exploration Inc. Identifies Copper-Gold-Molybdenum-Silver Occurrences on the Saruman Project

Midland Exploration Inc, in Partnership with Rio Tinto Exploration Canada Inc, Announces Preliminary Results from the First Drilling Campaign for Lithium on the Galinée Project, and Results from Surface Prospecting on Galinée, Wookie, and Shire Projects

Midland Exploration Inc. and Wallbridge Commence Drilling on the Casault Property

Third quarter 2024 earnings released: CA$0.013 loss per share (vs CA$0 in 3Q 2023)

Midland Exploration Inc. Begins A Drilling Campaign on Its Patris Gold Property

Recent updates

Midland Exploration Inc. Identifies Gold Potential on its Caniapisc Au Project, James Bay

Midland Exploration Inc. Identifies Copper-Gold-Molybdenum-Silver Occurrences on the Saruman Project

Midland Exploration Inc, in Partnership with Rio Tinto Exploration Canada Inc, Announces Preliminary Results from the First Drilling Campaign for Lithium on the Galinée Project, and Results from Surface Prospecting on Galinée, Wookie, and Shire Projects

Midland Exploration Inc. and Wallbridge Commence Drilling on the Casault Property

Third quarter 2024 earnings released: CA$0.013 loss per share (vs CA$0 in 3Q 2023)

Midland Exploration Inc. Begins A Drilling Campaign on Its Patris Gold Property

Midland Exploration Inc. Begins Major Exploration Program for Nickel and Copper in Nunavik, Quebec Under Its Strategic Alliance with BHP

We're Hopeful That Midland Exploration (CVE:MD) Will Use Its Cash Wisely

Midland Exploration Inc. and Probe Gold Inc. Resume Work on the Copper-Gold-Silver-Molybdenum Discovery on the La Peltrie Option

Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 2Q 2023)

Midland Exploration Inc. Announces the Start of A Sonic Drilling Campaign on the Patris Gold Property

Midland Exploration Inc. in Partnership with Rio Tinto Exploration Canada Inc Announces the Launch of A Maiden CAD 5.8 Million Lithium Drilling Program on Galinée

Less than half of directors are independent

Midland, in Partnership with Brunswick, Announces the Launch of A Maiden Drilling Program on Elrond

Simon Lussier Joins Midland’s Board of Directors

First quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.001 loss in 1Q 2023)

Midland Provides an Overview of Its 2024 Exploration Activities with Its Partners and Also Follow-Up on Its New Discoveries

Midland Exploration Inc. Announces Start of A Drilling Campaign on Its Lewis Project in Abitibi

Midland and Probe Intersect up to 1.33 % Copper Eq. Over 9.5 Metres and Expand the Cu-Au-Ag-Mo Mineralized System on La Peltrie

Midland Exploration Inc. Confirms High-Grade Lithium Up to 3.6% Li2o on Additional Spodumene-Bearing Pegmatites on Galinée Project

Midland Exploration Inc., Annual General Meeting, Feb 15, 2024

Full year 2023 earnings released: CA$0.01 loss per share (vs CA$0.025 loss in FY 2022)

Midland Exploration Inc. and SOQUEM Discover New High-Grade Copper-Gold Showings on Nachicapau in Nunavik

Midland Exploration Inc. announced a financing transaction

Midland Exploration Inc. and Rio Tinto Exploration Canada Inc. Resume Drilling Along the Extensions of the Santos Nickel-Copper Zone, Tête Nord Project

Midland Exploration Inc. in Partnership with Rio Tinto Confirms High-Grade Lithium Up to 7.2 % Li2o and Identifies Additional Spodumene-Bearing Pegmatites on Galinée Project

Midland Exploration Inc. Reports New Nickel-Copper Assay Results from A Drilling Campaign Completed to Follow Up on the New Ni-Cu Discovery Named Santos

Midland Exploration Inc. Provides an Overview of Its Exploration Activities Including Its Lithium Projects in James Bay

Brunswick Exploration Inc. in Partnership with Midland Exploration Inc Begins A First Exploration Program for Lithium on the Mythril Project

Rio Tinto in Partnership with Midland Begins A First Exploration Program for Lithium on the Mythril Regional and Galinée Projects

Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.002 loss in 3Q 2022)

Midland Exploration Inc. and Probe Gold Resume Drilling on the Copper-Gold-Silver-Molybdenum Discovery on the LA PELTRIE Option

Midland in Partnership with Rio Tinto Identifies New Targets and Resumes Drilling on the New Santos Nickel-Copper Zone, Tete Nord Project

Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.005 loss in 2Q 2022)

Midland Exploration Inc. Completes Its Exploration of the Existing Lithium Potential on Komo Near the Allkem New Discovery

Midland Exploration Inc. Provides an Update on the 10,000-metre ADDP Drilling Program on Its Gold and Nickel-Copper Projects in Abitibi

First quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.004 loss in 1Q 2022)

Midland Exploration Inc. Completes A Magnetic Survey on Mythril-East and Targets A New Area East of Patriot Battery Metals Discovery

We Think Some Shareholders May Hesitate To Increase Midland Exploration Inc.'s (CVE:MD) CEO Compensation

Midland Exploration Inc. Identifies Several Promising Projects with Significant Lithium Potential Amongst Its Extensive Land Position in the James Bay Area

Midland Exploration Inc. Completes Assessment of the Excellent Lithium Potential on Galinée Near Winsome’s Adina New Discovery

Midland Exploration Inc. announced that it has received CAD 3.62728 million in funding from Desjardins Capital, SIDEX L.L.P., BHP Billiton Canada Inc.

Midland Provides an Overview of its 2023 Exploration Activities with its Partners and to Follow-Up on its New Discoveries

Midland Begins an Important Drilling Program Totaling 10,000 Meters on Its Gold and Ni-Cu Projects in Abitibi

Full year 2022 earnings released: CA$0.025 loss per share (vs CA$0.014 loss in FY 2021)

Probe Metals and Midland Exploration Inc. Discover A Large Copper-Gold-Silver-Molybdenum System on La Peltrie Option Property, Detour Project

Midland Exploration Inc. Discovers New Gold-Bearing Structures Up-Ice from High-Grade Erratic Boulders Recently Found on Laflamme JV Project

Midland Exploration Inc., Annual General Meeting, Feb 09, 2023

Midland Exploration Inc. Announces the Start of A Maiden Drilling Program by Rio Tinto Exploration Canada Inc. on the Tête Nord Nickel-Copper Property

Midland Exploration Inc. and SOQUEM Inc. Announce New Results on Their Recent Copper-Gold Discovery in Nunavik

Midland Exploration Inc. Solidifies its Land Position and Evaluates Lithium Potential on its Mythril and Mythril Regional Projects Near Patriot Battery Metals Lithium Discovery

Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 3Q 2021)

Midland Exploration Inc. Announces Heliborne Vtem-Type Electromagnetic Survey Launched Last March Has Been Completed on the Tête Nord Nickel-Copper Property

Midland Exploration Inc. Resumes Work on Laflamme JV to Locate the Source of High-Grade Gold-Bearing Boulders

Midland Exploration Inc. (TSXV:MD) acquired Nickel Square.

Midland Exploration Inc. Discovers High-Grade Gold-Bearing Boulders on its Laflamme JV Project

Midland Begins its Second Exploration Program in Nunavik Under Its Strategic Alliance with SOQUEM

Midland Exploration Inc. Begins Second Exploration Program in Nunavik Under Its Strategic Alliance with SOQUEM

Midland Exploration Inc. Begins an Important Exploration Program in the James Bay Region on New Au-Ag-Cu-Mo Discoveries on Chisaayuu East of Mythril

Midland Exploration Inc. Commences Important Drilling Program to Test New High-Priority Targets on La Peltrie Project