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

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

Cassiar Gold Corp. (MRL.V) Stock Up 3.4 %

The company’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.27. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 1.81. The firm has a market cap of C$6.02 million and a P/E ratio of -2.08.

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.