Maple Gold Mines (CVE:MGM) Trading Up 27.7% – Time to Buy?

Maple Gold Mines Ltd. (CVE:MGM)’s stock price was up 27.7% during mid-day trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.08. Approximately 5,122,236 shares changed hands during mid-day trading, an increase of 878% from the average daily volume of 523,967 shares. The stock had previously closed at C$0.07.

Maple Gold Mines Trading Up 27.7%

The firm has a market capitalization of C$34.84 million, a PE ratio of -6.66 and a beta of 0.50. The company has a current ratio of 1.82, a quick ratio of 4.95 and a debt-to-equity ratio of 12.89. The business has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.07.

Maple Gold Mines Company Profile

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project covering an area of approximately 357 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec; and the Joutel project covering an area of approximately 39 square kilometers located in Quebec, Canada.