Maple Gold Mines (CVE:MGM) Trading Down 3.3% – Time to Sell?

Shares of Maple Gold Mines Ltd. (CVE:MGMGet Free Report) fell 3.3% on Tuesday . The company traded as low as C$2.64 and last traded at C$2.66. 86,275 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 116,840 shares. The stock had previously closed at C$2.75.

Maple Gold Mines Price Performance

The firm has a market capitalization of C$191.07 million, a PE ratio of -11.57 and a beta of 2.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.26 and a quick ratio of 4.95. The firm has a 50-day simple moving average of C$3.04 and a 200-day simple moving average of C$2.58.

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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