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

Shares of Maple Gold Mines Ltd. (CVE:MGM) hit a new 52-week high during trading on Monday . The company traded as high as C$2.55 and last traded at C$2.53, with a volume of 279773 shares. The stock had previously closed at C$2.35.

Maple Gold Mines Stock Up 8.1%

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 has a market cap of C$156.61 million, a price-to-earnings ratio of -31.75 and a beta of 2.30. The stock has a 50-day moving average of C$1.74 and a 200-day moving average of C$1.33.

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.