Maple Gold Mines (CVE:MGM) Stock Price Up 1,166.7% - What's Next?

Key Points

• Maple Gold Mines' stock price soared by 1,166.7%, reaching C$1.52 during mid-day trading on Monday, up from a previous close of C$0.12.
• Trading volume increased significantly, with approximately 157,364 shares changing hands, marking a 175% increase from the average daily volume of 57,246 shares.
• The company operates as a gold exploration firm, focusing on its Douay and Joutel projects located in northern Quebec, Canada.

Maple Gold Mines Ltd. (CVE:MGM - )'s stock price rose 1,166.7% during mid-day trading on Monday . The stock traded as high as C$1.52 and last traded at C$1.52. Approximately 157,364 shares traded hands during trading, an increase of 175% from the average daily volume of 57,246 shares. The stock had previously closed at C$0.12.

Maple Gold Mines Stock Performance

The firm has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.08. 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 stock has a market cap of C$662.94 million, a price-to-earnings ratio of -10.84 and a beta of 1.58.

About Maple Gold Mines

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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