Maple Gold Mines (CVE:MGM) Sets New 12-Month High – Should You Buy?

Maple Gold Mines Ltd. (CVE:MGM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$3.40 and last traded at C$3.35, with a volume of 200252 shares trading hands. The stock had previously closed at C$3.08.

Maple Gold Mines Trading Up 10.4%

The company has a debt-to-equity ratio of 1.57, a current ratio of 12.90 and a quick ratio of 4.95. The firm has a fifty day simple moving average of C$2.60 and a 200-day simple moving average of C$2.18. The firm has a market cap of C$238.25 million, a P/E ratio of -20.00 and a beta of 2.24.

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.