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

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

Maple Gold Mines Price Performance

The firm has a market cap of C$44.08 million, a price-to-earnings ratio of -8.43 and a beta of 0.50. The business’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The company has a current ratio of 1.82, a quick ratio of 4.95 and a debt-to-equity ratio of 12.89.

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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