Maple Gold Mines (CVE:MGM) Stock Price Down 5.4% – Here’s What Happened

Shares of Maple Gold Mines Ltd. (CVE:MGM) fell 5.4% during mid-day trading on Wednesday. The company traded as low as C$2.80 and last traded at C$2.82. Approximately 46,477 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 93,262 shares. The stock had previously closed at C$2.98.

Maple Gold Mines Trading Down 5.4%

The company has a quick ratio of 4.95, a current ratio of 4.82 and a debt-to-equity ratio of 3.78. The stock’s fifty day moving average price is C$2.88 and its two-hundred day moving average price is C$2.82. The company has a market capitalization of C$209.48 million, a PE ratio of -16.59 and a beta 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.