Maple Gold Mines (CVE:MGM) Shares Up 20.5% – Time to Buy?

Maple Gold Mines Ltd. (CVE:MGMGet Free Report)’s stock price shot up 20.5% on Friday . The stock traded as high as C$0.12 and last traded at C$0.10. 4,282,011 shares changed hands during trading, an increase of 682% from the average session volume of 547,603 shares. The stock had previously closed at C$0.08.

Maple Gold Mines Trading Up 5.0%

The company has a debt-to-equity ratio of 12.89, a quick ratio of 4.95 and a current ratio of 1.82. The firm has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.08. The firm has a market capitalization of C$44.08 million, a P/E ratio of -8.43 and a beta of 0.50.

Maple Gold Mines Company Profile

(Get Free Report)

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.

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