Maple Gold Mines (CVE:MGM) Hits New 12-Month High – Should You Buy?
by Tristan Rich · The Markets DailyMaple Gold Mines Ltd. (CVE:MGM – Get Free Report)’s stock price hit a new 52-week high on Friday . The company traded as high as C$2.69 and last traded at C$2.66, with a volume of 143091 shares trading hands. The stock had previously closed at C$2.45.
Maple Gold Mines Stock Performance
The stock has a market cap of C$165.86 million, a price-to-earnings ratio of -33.63 and a beta of 2.30. The stock’s fifty day moving average is C$1.92 and its 200-day moving average is C$1.43. The company has a quick ratio of 4.95, a current ratio of 1.82 and a debt-to-equity ratio of 12.89.
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.