Maple Gold Mines (CVE:MGM) Shares Up 10.4% – Here’s Why

Shares of Maple Gold Mines Ltd. (CVE:MGM) were up 10.4% on Friday . The company traded as high as C$2.78 and last traded at C$2.77. Approximately 88,626 shares changed hands during trading, a decline of 37% from the average daily volume of 139,826 shares. The stock had previously closed at C$2.51.

Maple Gold Mines Price Performance

The stock’s 50-day moving average is C$2.25 and its two-hundred day moving average is C$1.65. The company has a market capitalization of C$175.11 million, a PE ratio of -35.50 and a beta of 2.47. The company has a current ratio of 1.82, a quick ratio of 4.95 and a debt-to-equity ratio of 12.89.

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.