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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.
  • Five stocks to consider instead of Maple Gold Mines.

Shares of Maple Gold Mines Ltd. (CVE:MGM - Get Free Report) were 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 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 Stock Performance

The company has a current ratio of 1.82, a quick ratio of 4.95 and a debt-to-equity ratio of 12.89. The firm has a market capitalization of C$61.72 million, a price-to-earnings ratio of -10.84 and a beta of 1.01. The company has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.08.

About Maple Gold Mines

(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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