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

Cassiar Gold Corp. (MRL.V) (CVE:MRL)’s share price rose 3.4% during trading on Monday . The stock traded as high as C$0.75 and last traded at C$0.75. Approximately 117,420 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 204,600 shares. The stock had previously closed at C$0.73.

Cassiar Gold Corp. (MRL.V) Stock Up 3.4%

The stock has a market capitalization of C$30.08 million and a price-to-earnings ratio of -10.42. 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 50-day moving average of C$0.75 and a two-hundred day moving average of C$0.75.

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.