Cassiar Gold Corp. (MRL.V) (CVE:MRL) Trading 3.4% Higher – Still a Buy?

Cassiar Gold Corp. (MRL.V) (CVE:MRL) shares shot up 3.4% during trading on Tuesday . The company traded as high as C$0.75 and last traded at C$0.75. 117,420 shares traded hands during trading, a decline of 43% from the average session volume of 204,600 shares. The stock had previously closed at C$0.73.

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

The firm’s fifty day moving average is C$0.75 and its two-hundred day moving average is C$0.50. The firm has a market cap of C$30.08 million and a price-to-earnings ratio of -10.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.71 and a quick ratio of 0.70.

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.