Maple Gold Mines (CVE:MGM) Shares Up 27.7% – Still a Buy?

Maple Gold Mines Ltd. (CVE:MGM) traded up 27.7% during mid-day trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.08. 5,122,236 shares were traded during mid-day trading, an increase of 878% from the average session volume of 523,967 shares. The stock had previously closed at C$0.07.

Maple Gold Mines Stock Up 27.7%

The firm has a market capitalization of C$34.84 million, a price-to-earnings ratio of -6.66 and a beta of 0.50. 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 stock has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.07.

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.