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

Shares of Cassiar Gold Corp. (MRL.V) (CVE:MRL) rose 3.4% during mid-day trading on Tuesday . 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 daily volume of 204,600 shares. The stock had previously closed at C$0.73.

Cassiar Gold Corp. (MRL.V) Price Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 0.71 and a quick ratio of 0.70. The firm has a market cap of C$30.08 million and a price-to-earnings ratio of -10.42. The stock has a 50-day moving average price of C$0.75 and a 200 day moving average price of C$0.73.

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.