Maple Gold Mines (CVE:MGM) Stock Price Up 5.1% – Here’s What Happened

Maple Gold Mines Ltd. (CVE:MGM)’s stock price traded up 5.1% during mid-day trading on Friday . The stock traded as high as C$2.52 and last traded at C$2.47. 39,639 shares traded hands during trading, a decline of 73% from the average session volume of 146,166 shares. The stock had previously closed at C$2.35.

Maple Gold Mines Price Performance

The firm has a 50 day moving average of C$2.20 and a 200-day moving average of C$1.61. The company has a current ratio of 1.82, a quick ratio of 4.95 and a debt-to-equity ratio of 12.89. The company has a market cap of C$152.30 million, a P/E ratio of -30.88 and a beta of 2.47.

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.