Maple Gold Mines (CVE:MGM) Reaches New 1-Year High – Still a Buy?

Maple Gold Mines Ltd. (CVE:MGM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$3.00 and last traded at C$2.96, with a volume of 170724 shares traded. The stock had previously closed at C$2.79.

Maple Gold Mines Stock Up 6.8%

The firm has a market cap of C$183.74 million, a PE ratio of -37.25 and a beta of 2.47. The company has a 50-day simple moving average of C$2.27 and a 200-day simple moving average of C$1.68. The company has a debt-to-equity ratio of 12.89, a current ratio of 1.82 and a quick ratio of 4.95.

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. 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.