Cassiar Gold Corp. (MRL.V) (CVE:MRL) Shares Up 3.4% – Still a Buy?

Cassiar Gold Corp. (MRL.V) (CVE:MRL) shot up 3.4% during mid-day trading on Wednesday . The company traded as high as C$0.75 and last traded at C$0.75. 117,420 shares were traded during mid-day trading, a decline of 43% from the average session volume of 204,600 shares. The stock had previously closed at C$0.72.

Cassiar Gold Corp. (MRL.V) Stock Up 3.4%

The firm’s 50-day simple moving average is C$0.75 and its 200 day simple moving average is C$0.75. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.70 and a current ratio of 0.71. The stock has a market capitalization of C$30.08 million and a P/E ratio of -10.42.

About Cassiar Gold Corp. (MRL.V)

Margaux Resources Ltd., a polymetallic exploration company, engages in the acquisition, exploration, and development of mineral properties in the Kootenay Arc in Southeastern British Columbia in Canada. The company primarily explores for zinc, gold, and tungsten deposits. It holds an option agreement to acquire a 100% interest in the Jackpot/Oxide, Ore Hill, Aspenex, Bayonne, Sheep Creek, Canex, and Old Timer properties located in Salmo, British Columbia. The company was formerly known as Carmen Energy Inc and changed its name to Margaux Resources Ltd.