ATB Cormark Capital Markets Upgrades Maple Gold Mines (CVE:MGM) to “Moderate Buy”

Maple Gold Mines (CVE:MGM) was upgraded by equities research analysts at ATB Cormark Capital Markets to a “moderate buy” rating in a research report issued on Monday, Zacks reports.

Maple Gold Mines Price Performance

MGM opened at C$2.49 on Monday. The firm has a market capitalization of C$184.96 million, a PE ratio of -14.65 and a beta of 1.57. The company has a debt-to-equity ratio of 3.78, a current ratio of 4.82 and a quick ratio of 4.95. The business’s 50-day moving average is C$2.85 and its two-hundred day moving average is C$2.75. Maple Gold Mines has a 1 year low of C$1.24 and a 1 year high of C$4.00.

About Maple Gold Mines

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.