Maple Gold Mines (CVE:MGM) Trading Down 2.6% – Time to Sell?

Maple Gold Mines Ltd. (CVE:MGMGet Free Report) fell 2.6% during trading on Tuesday . The stock traded as low as C$2.62 and last traded at C$2.64. Approximately 34,541 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 108,971 shares. The stock had previously closed at C$2.71.

Maple Gold Mines Stock Down 2.6%

The company’s fifty day moving average is C$3.01 and its 200-day moving average is C$2.67. The company has a market capitalization of C$189.64 million, a PE ratio of -11.48 and a beta of 2.24. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.95 and a current ratio of 4.26.

Maple Gold Mines Company Profile

(Get Free Report)

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.

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