Cassiar Gold Corp. (MRL.V) (CVE:MRL) Trading Up 3.4% – Should You Buy?

Cassiar Gold Corp. (MRL.V) (CVE:MRL) shares rose 3.4% on Friday . 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) Trading Up 3.4%

The firm’s fifty day moving average is C$0.75 and its 200-day moving average is C$0.75. 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.

Cassiar Gold Corp. (MRL.V) Company Profile

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. The company was formerly known as Carmen Energy Inc and changed its name to Margaux Resources Ltd.