Cassiar Gold Corp. (MRL.V) (CVE:MRL) Trading Up 3.4% – Should You Buy?

Cassiar Gold Corp. (MRL.V) (CVE:MRL) was up 3.4% on Tuesday . The company traded as high as C$0.75 and last traded at C$0.75. Approximately 117,420 shares changed hands during trading, a decline of 43% from the average daily volume of 204,600 shares. The stock had previously closed at C$0.73.

Cassiar Gold Corp. (MRL.V) Stock Performance

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 firm has a 50 day moving average price of C$0.75 and a two-hundred day moving average price of C$0.56. The company 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.