Maple Gold Mines (CVE:MGM) Stock Price Down 1.2% – What’s Next?

Shares of Maple Gold Mines Ltd. (CVE:MGM) dropped 1.2% during mid-day trading on Monday . The company traded as low as C$2.35 and last traded at C$2.37. Approximately 46,955 shares changed hands during trading, a decline of 66% from the average daily volume of 139,768 shares. The stock had previously closed at C$2.40.

Maple Gold Mines Price Performance

The stock’s 50-day moving average is C$2.51 and its 200-day moving average is C$1.99. The firm has a market cap of C$165.90 million, a P/E ratio of -13.94 and a beta of 2.23. The company has a quick ratio of 4.95, a current ratio of 12.90 and a debt-to-equity ratio of 1.57.

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.