Maple Gold Mines (CVE:MGM) Trading Up 12.3% - Here's What Happened

Key Points

• Shares jumped 12.3% to C$3.02 on Monday (intraday high C$3.04) with trading volume around 216,364 shares, a 68% rise versus the average, indicating heightened market interest.
• Key fundamentals: market cap about C$211.6M, negative P/E (-17.76) and elevated volatility (beta 2.23); the company shows strong liquidity (quick ratio 4.95, current ratio 12.90) but a debt-to-equity of 1.57.
• Business profile: Maple Gold Mines is a Canadian gold explorer with major holdings including the 357 km² Douay project and additional interests at Joutel, Morris and an option on the Eagle Mine in Quebec.

Maple Gold Mines Ltd. (CVE:MGM - ) shares were up 12.3% during trading on Monday . The stock traded as high as C$3.04 and last traded at C$3.02. Approximately 216,364 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 129,088 shares. The stock had previously closed at C$2.69.

Maple Gold Mines Stock Up 12.3%

The stock has a market cap of C$211.62 million, a P/E ratio of -17.76 and a beta of 2.23. The company has a quick ratio of 4.95, a current ratio of 12.90 and a debt-to-equity ratio of 1.57. The company has a 50-day simple moving average of C$2.55 and a two-hundred day simple moving average of C$2.13.

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. The company also holds 100% interest in the Morris Project comprising 34 claims located in the Morris Township, Quebec, as well as has an option to acquire 100% interest in the Eagle Mine Property in Quebec, Canada.

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