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Maple Gold Mines (CVE:MGM) Trading Up 3.4% - Still a Buy?

Maple Gold Mines logo with Basic Materials background

Key Points

  • Maple Gold Mines Ltd. experienced a 3.4% increase in share price, reaching as high as C$1.25 during trading, with transaction volume increasing by 98% compared to the average daily volume.
  • The company has a market cap of C$62.83 million with a PE ratio of -10.84, indicating it is currently operating at a loss.
  • Maple Gold Mines focuses on gold exploration in Canada, particularly in the Douay and Joutel projects located in Quebec.
  • MarketBeat previews top five stocks to own in November.

Maple Gold Mines Ltd. (CVE:MGM - Get Free Report)'s share price was up 3.4% during mid-day trading on Friday . The company traded as high as C$1.25 and last traded at C$1.20. Approximately 129,229 shares were traded during trading, an increase of 98% from the average daily volume of 65,150 shares. The stock had previously closed at C$1.16.

Maple Gold Mines Trading Up 3.4%

The company has a market cap of C$62.83 million, a PE ratio of -10.84 and a beta of 1.58. The stock's 50 day moving average is C$1.08 and its 200-day moving average is C$0.90. The company has a quick ratio of 4.95, a current ratio of 1.82 and a debt-to-equity ratio of 12.89.

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.

Further Reading

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