Cassiar Gold Corp. (MRL.V) (CVE:MRL) Shares Up 3.4% – Here’s Why

Cassiar Gold Corp. (MRL.V) (CVE:MRL)’s stock price was up 3.4% during mid-day trading on Wednesday. The stock traded as high as C$0.75 and last traded at C$0.75. 117,420 shares changed 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) Stock Performance

The company has a 50-day moving average of C$0.75 and a 200 day moving average of C$0.75. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of C$30.08 million and a PE ratio of -10.42.

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. The company was formerly known as Carmen Energy Inc and changed its name to Margaux Resources Ltd.