Maple Gold Mines (CVE:MGM) Hits New 52-Week High – Still a Buy?

Maple Gold Mines Ltd. (CVE:MGMGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$3.72 and last traded at C$3.70, with a volume of 86590 shares traded. The stock had previously closed at C$3.62.

Maple Gold Mines Price Performance

The company has a market capitalization of C$264.18 million, a P/E ratio of -22.18 and a beta of 2.24. The stock’s fifty day simple moving average is C$2.64 and its 200-day simple moving average is C$2.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 12.90 and a quick ratio of 4.95.

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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