Maple Gold Mines (CVE:MGM) Trading 5.1% Higher – Should You Buy?

Maple Gold Mines Ltd. (CVE:MGM) traded up 5.1% during mid-day trading on Friday . The company traded as high as C$2.52 and last traded at C$2.47. 39,639 shares were traded during mid-day 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 company’s 50-day simple moving average is C$2.20 and its 200 day simple moving average is C$1.61. The company has a market capitalization of C$152.30 million, a P/E ratio of -30.88 and a beta of 2.47. The company has a quick ratio of 4.95, a current ratio of 1.82 and a debt-to-equity ratio of 12.89.

About Maple Gold Mines

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.