Maple Gold Mines (OTCMKTS:MGMLF) Shares Down 8.6% – What’s Next?

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) fell 8.6% during mid-day trading on Monday . The company traded as low as C$1.22 and last traded at C$1.30. 153,837 shares traded hands during trading, an increase of 313% from the average session volume of 37,212 shares. The stock had previously closed at C$1.43.

Maple Gold Mines Trading Down 0.2%

The firm’s fifty day moving average price is C$1.17 and its two-hundred day moving average price is C$0.66.

About Maple Gold Mines

Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high‐grade gold mineralization within structurally controlled zones.

The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well‐established mining district with supporting infrastructure such as year‐round road access, hydroelectric power and nearby milling facilities.