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Maple Gold Mines (CVE:MGM) Trading Up 16.7% - What's Next?

Maple Gold Mines logo with Basic Materials background

Key Points

  • Maple Gold Mines Ltd. saw its share price increase by 16.7% to C$0.14, with trading volume up 161% from the average.
  • The company has a market cap of C$54.57 million and operates in the gold exploration sector in Canada, notably holding interests in the Douay and Joutel projects.
  • Despite recent gains, the stock has a negative price-to-earnings ratio of -10.44 and a high debt-to-equity ratio of 12.89, indicating financial challenges.
  • MarketBeat previews top five stocks to own in October.

Maple Gold Mines Ltd. (CVE:MGM - Get Free Report)'s stock price was up 16.7% during mid-day trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. Approximately 1,465,129 shares were traded during mid-day trading, an increase of 161% from the average daily volume of 562,290 shares. The stock had previously closed at C$0.12.

Maple Gold Mines Price Performance

The company has a debt-to-equity ratio of 12.89, a current ratio of 1.82 and a quick ratio of 4.95. The company's 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.08. The company has a market cap of C$59.44 million, a price-to-earnings ratio of -10.84 and a beta of 1.01.

Maple Gold Mines Company Profile

(Get Free Report)

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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