Margaux Resources (CVE:MRL) Trading 40% Higher

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Margaux Resources Ltd (CVE:MRL)’s share price traded up 40% on Friday . The company traded as high as C$0.11 and last traded at C$0.11, 40,952 shares traded hands during trading. A decline of 21% from the average session volume of 51,718 shares. The stock had previously closed at C$0.08.

The stock has a market cap of $8.49 million and a price-to-earnings ratio of -1.00. The company has a debt-to-equity ratio of 7.36, a quick ratio of 1.75 and a current ratio of 1.89. The stock’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.07.

Margaux Resources Company Profile (CVE:MRL)

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.

Further Reading: How does a security become overbought?

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