Maple Gold Mines (CVE:MGM) Reaches New 1-Year High - Should You Buy?

Key Points

• 52-week high: Maple Gold Mines (CVE:MGM) hit a new 52-week high, trading as high as C$3.35 and last at C$3.29, up about 6% from the prior close of C$3.02 on volume of 338,934 shares.
• Key metrics show a market cap of C$224.23 million, a negative P/E of -18.82, beta 2.23, debt-to-equity 1.57 and strong liquidity (current ratio 12.90, quick ratio 4.95); its 50- and 200-day moving averages are C$2.55 and C$2.13, respectively.
• The company is a gold exploration firm with major Quebec assets including the Douay and Joutel projects, 100% ownership of the Morris Project, and an option to acquire the Eagle Mine.

Maple Gold Mines Ltd. (CVE:MGM - ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.35 and last traded at C$3.29, with a volume of 338934 shares traded. The stock had previously closed at C$3.02.

Maple Gold Mines Trading Up 6.0%

The firm has a market capitalization of C$224.23 million, a price-to-earnings ratio of -18.82 and a beta of 2.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 12.90 and a quick ratio of 4.95. The firm's 50-day simple moving average is C$2.55 and its 200 day simple moving average is C$2.13.

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. 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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