Maple Gold Mines (CVE:MGM) Hits New 52-Week High – Here’s What Happened

Maple Gold Mines Ltd. (CVE:MGMGet Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$3.72 and last traded at C$3.70, with a volume of 86590 shares changing hands. The stock had previously closed at C$3.62.

Maple Gold Mines Stock Down 3.6%

The firm has a 50 day moving average price of C$2.69 and a two-hundred day moving average price of C$2.28. The company has a quick ratio of 4.95, a current ratio of 12.90 and a debt-to-equity ratio of 1.57. The company has a market capitalization of C$261.37 million, a price-to-earnings ratio of -21.94 and a beta of 2.24.

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. 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.

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