Cassiar Gold Corp. (MRL.V) (CVE:MRL) Shares Climb 3.4% – Here’s What Happened

Cassiar Gold Corp. (MRL.V) (CVE:MRL) shares traded up 3.4% on Wednesday. The stock traded as high as C$0.75 and last traded at C$0.75. 117,420 shares traded hands during mid-day 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 stock has a market capitalization of C$30.08 million and a P/E ratio of -10.42. The stock’s 50 day moving average price is C$0.75 and its 200-day moving average price is C$0.75. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 1.81.

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.