Cassiar Gold Corp. (MRL.V) (CVE:MRL) Trading Up 3.4% – Here’s Why

Shares of Cassiar Gold Corp. (MRL.V) (CVE:MRL) were up 3.4% on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 587,100 shares were traded during trading, an increase of 187% from the average daily volume of 204,600 shares. The stock had previously closed at C$0.15.

Cassiar Gold Corp. (MRL.V) Stock Performance

The firm has a 50 day moving average of C$0.27 and a two-hundred day moving average of C$0.40. The stock has a market cap of C$6.02 million and a PE ratio of -2.08. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.71 and a quick ratio of 0.70.

Insider Buying and Selling

In other Cassiar Gold Corp. (MRL.V) news, Senior Officer Luogang Chen sold 156,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of C$0.29, for a total value of C$45,255.60. Insiders acquired a total of 32,200 shares of company stock worth $8,113 over the last 90 days.

About Cassiar Gold Corp. (MRL.V)

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.