Moneta Gold (TSE:ME) Trading Up 1.6% – Should You Buy?

Moneta Gold Inc. (TSE:MEGet Free Report) was up 1.6% during trading on Monday . The company traded as high as C$0.63 and last traded at C$0.63. Approximately 75,640 shares changed hands during trading, an increase of 101% from the average daily volume of 37,638 shares. The stock had previously closed at C$0.62.

Moneta Gold Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.79. The stock has a market cap of C$50.90 million, a price-to-earnings ratio of -1.85 and a beta of 1.47. The firm has a fifty day moving average price of C$0.85.

Moneta Gold Company Profile

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Moneta Gold Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. It explores for gold deposits. The company's flagship project is the Tower gold project, which is located in the Timmins region of Northeastern Ontario. The company was formerly known as Moneta Porcupine Mines Inc and changed its name to Moneta Gold Inc in August 2021.

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