Maple Gold Mines (CVE:MGM) Sets New 12-Month High - Time to Buy?

Key Points

• Maple Gold Mines Ltd. (CVE:MGM) achieved a new 12-month high, trading at C$1.28, with a significant increase from its previous close of C$0.12.
• The company's current market capitalization is C$653.79 million with a debt-to-equity ratio of 12.89, indicating strong financial leverage.
• Maple Gold operates as a gold exploration company in Canada, primarily focused on two projects: the Douay gold project and the Joutel project.

Maple Gold Mines Ltd. (CVE:MGM - ) reached a new 52-week high on Monday . The stock traded as high as C$1.28 and last traded at C$1.20, with a volume of 116989 shares. The stock had previously closed at C$0.12.

Maple Gold Mines Stock Performance

The stock has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.08. The company has a debt-to-equity ratio of 12.89, a quick ratio of 4.95 and a current ratio of 1.82. The stock has a market capitalization of C$653.79 million, a price-to-earnings ratio of -10.84 and a beta of 1.58.

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.

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