Cassiar Gold Corp. (MRL.V) (CVE:MRL) Stock Price Up 3.4% – Here’s Why

Shares of Cassiar Gold Corp. (MRL.V) (CVE:MRL) rose 3.4% on Wednesday. The company traded as high as C$0.75 and last traded at C$0.75. Approximately 117,420 shares traded hands during trading, a decline of 43% from the average daily volume of 204,600 shares. The stock had previously closed at C$0.72.

Cassiar Gold Corp. (MRL.V) Price Performance

The firm has a 50 day simple moving average of C$0.75 and a 200-day simple moving average of C$0.75. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 1.81. The company has a market cap of C$30.08 million and a PE ratio of -10.42.

Cassiar Gold Corp. (MRL.V) Company Profile

Margaux Resources Ltd., a polymetallic exploration company, engages in the acquisition, exploration, and development of mineral properties in the Kootenay Arc in Southeastern British Columbia in Canada. The company primarily explores for zinc, gold, and tungsten deposits. It holds an option agreement to acquire a 100% interest in the Jackpot/Oxide, Ore Hill, Aspenex, Bayonne, Sheep Creek, Canex, and Old Timer properties located in Salmo, British Columbia. The company was formerly known as Carmen Energy Inc and changed its name to Margaux Resources Ltd.