Maple Gold Mines (CVE:MGM) Stock Price Up 10.4% – Here’s What Happened

Maple Gold Mines Ltd. (CVE:MGM)’s share price rose 10.4% during trading on Friday . The company traded as high as C$2.78 and last traded at C$2.77. Approximately 88,626 shares traded hands during trading, a decline of 37% from the average daily volume of 139,826 shares. The stock had previously closed at C$2.51.

Maple Gold Mines Stock Performance

The company has a debt-to-equity ratio of 12.89, a current ratio of 1.82 and a quick ratio of 4.95. The stock has a market cap of C$172.03 million, a P/E ratio of -34.88 and a beta of 2.47. The stock has a 50-day simple moving average of C$2.27 and a 200-day simple moving average of C$1.67.

Maple Gold Mines Company Profile

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. The company also holds 100% interest in the Morris Project comprising 34 claims located in the Morris Township, Quebec, as well as has an option to acquire 100% interest in the Eagle Mine Property in Quebec, Canada.