Maple Gold Mines (CVE:MGM) Trading 10.4% Higher – What’s Next?

Maple Gold Mines Ltd. (CVE:MGM) shares were up 10.4% during mid-day trading on Friday . The stock traded as high as C$2.78 and last traded at C$2.77. Approximately 88,626 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 139,826 shares. The stock had previously closed at C$2.51.

Maple Gold Mines Stock Up 13.1%

The company has a debt-to-equity ratio of 12.89, a quick ratio of 4.95 and a current ratio of 1.82. The firm has a market capitalization of C$175.11 million, a P/E ratio of -35.50 and a beta of 2.47. The business’s fifty day moving average price is C$2.25 and its two-hundred day moving average price is C$1.65.

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.