Maple Gold Mines (CVE:MGM) Trading 3.2% Higher - What's Next?

Key Points

• Maple Gold Mines Ltd. shares rose by 3.2% on Friday, closing at C$1.59 after trading as high as C$1.60, with an increase in trading volume by 28% compared to its average.
• The company has a market cap of C$83.26 million and significant liquidity ratios with a current ratio of 1.82 and a quick ratio of 4.95.
• Maple Gold Mines focuses on gold exploration, holding interests in the Douay and Joutel projects located in northern Quebec, Canada.

Maple Gold Mines Ltd. (CVE:MGM - )'s share price traded up 3.2% on Friday . The stock traded as high as C$1.60 and last traded at C$1.59. 92,295 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 72,169 shares. The stock had previously closed at C$1.54.

Maple Gold Mines Stock Up 3.2%

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's 50 day simple moving average is C$1.31 and its two-hundred day simple moving average is C$0.99. The firm has a market cap of C$83.26 million, a price-to-earnings ratio of -10.84 and a beta of 1.47.

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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