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

Cassiar Gold Corp. (MRL.V) (CVE:MRL)’s share price shot up 3.4% during trading on Wednesday . The stock 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$0.72.

Cassiar Gold Corp. (MRL.V) Price Performance

The firm’s 50 day moving average is C$0.75 and its 200 day moving average is C$0.75. The firm has a market cap of C$30.08 million and a P/E 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.

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.