Maple Gold Mines (CVE:MGM) Shares Down 5.4% – What’s Next?

Maple Gold Mines Ltd. (CVE:MGM) shares dropped 5.4% during mid-day trading on Wednesday. The stock traded as low as C$2.80 and last traded at C$2.82. Approximately 46,477 shares were traded during trading, a decline of 50% from the average daily volume of 93,262 shares. The stock had previously closed at C$2.98.

Maple Gold Mines Price Performance

The stock has a market capitalization of C$208.74 million, a PE ratio of -16.53 and a beta of 1.57. The company has a quick ratio of 4.95, a current ratio of 4.82 and a debt-to-equity ratio of 3.78. The firm’s fifty day moving average price is C$2.88 and its two-hundred day moving average price is C$2.83.

Maple Gold Mines Company Profile

Maple Gold Mines Ltd. operates as a gold exploration company in Canada. It holds interest in the Douay gold project covering an area of approximately 357 square kilometers located in the Casa Berardi deformation zone in the Abitibi Greenstone Belt of northern Quebec; and the Joutel project covering an area of approximately 39 square kilometers located in Quebec, Canada. The company also holds 100% interest in the Morris Project comprising 34 claims located in the Morris Township, Quebec, as well as has an option to acquire 100% interest in the Eagle Mine Property in Quebec, Canada.