Cassiar Gold Corp. (MRL.V) (CVE:MRL) Stock Price Up 3.4% – Time to Buy?

Cassiar Gold Corp. (MRL.V) (CVE:MRL) shot up 3.4% during trading on Wednesday. The stock traded as high as C$0.75 and last traded at C$0.75. Approximately 117,420 shares changed hands during trading, a decline of 43% from the average session volume of 204,600 shares. The stock had previously closed at C$0.72.

Cassiar Gold Corp. (MRL.V) Trading Up 3.4%

The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 1.81. The firm’s 50-day moving average is C$0.75 and its 200-day moving average is C$0.75. The firm has a market cap of C$30.08 million and a price-to-earnings ratio of -10.42.

About Cassiar Gold Corp. (MRL.V)

Margaux Resources Ltd., a polymetallic exploration company, engages in the acquisition, exploration, and development of mineral properties in the Kootenay Arc in Southeastern British Columbia in Canada. The company primarily explores for zinc, gold, and tungsten deposits. It holds an option agreement to acquire a 100% interest in the Jackpot/Oxide, Ore Hill, Aspenex, Bayonne, Sheep Creek, Canex, and Old Timer properties located in Salmo, British Columbia. The company was formerly known as Carmen Energy Inc. and changed its name to Margaux Resources Ltd. in July 2013.