Maple Gold Mines (CVE:MGM) Trading 2.3% Higher – Here’s Why

Maple Gold Mines Ltd. (CVE:MGM) shares traded up 2.3% during mid-day trading on Friday . The company traded as high as C$1.86 and last traded at C$1.80. 24,585 shares were traded during mid-day trading, a decline of 68% from the average session volume of 75,706 shares. The stock had previously closed at C$1.76.

Maple Gold Mines Price 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 firm has a market cap of C$110.99 million, a price-to-earnings ratio of -22.50 and a beta of 1.76. The business’s 50-day moving average price is C$1.64 and its two-hundred day moving average price is C$1.26.

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.