Maple Gold Mines Ltd. (OTCMKTS:MGMLF – Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 163,522 shares, an increase of 23.8% from the March 15th total of 132,102 shares. Based on an average daily volume of 201,204 shares, the short-interest ratio is presently 0.8 days.
Maple Gold Mines Stock Performance
MGMLF opened at C$2.02 on Friday. The stock has a fifty day moving average of C$1.85 and a 200-day moving average of C$1.50. Maple Gold Mines has a 12-month low of C$0.50 and a 12-month high of C$2.35.
Maple Gold Mines Company Profile
Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high‐grade gold mineralization within structurally controlled zones.
The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well‐established mining district with supporting infrastructure such as year‐round road access, hydroelectric power and nearby milling facilities.
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