Maple Gold Mines (CVE:MGM) Stock Price Up 8.3% – What’s Next?

Maple Gold Mines Ltd. (CVE:MGMGet Free Report)’s share price was up 8.3% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 116,858 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 314,215 shares. The stock had previously closed at C$0.06.

Maple Gold Mines Stock Performance

The firm has a market cap of C$22.57 million, a price-to-earnings ratio of -2.00 and a beta of 0.50. The business’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 5.05, a quick ratio of 4.95 and a current ratio of 2.22.

About Maple Gold Mines

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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.

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