Maple Gold Mines (CVE:MGM) Trading 27.7% Higher – What’s Next?

Maple Gold Mines Ltd. (CVE:MGM) traded up 27.7% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.08. 5,122,236 shares traded hands 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 Trading Up 5.0%

The stock’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.08. The firm has a market cap of C$44.08 million, a PE ratio of -8.43 and a beta of 0.50. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.82 and a quick ratio of 4.95.

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.