Maple Gold Mines (CVE:MGM) Shares Down 13.3% – Should You Sell?

Maple Gold Mines Ltd. (CVE:MGMGet Free Report) fell 13.3% during trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07. 1,097,500 shares were traded during trading, an increase of 655% from the average session volume of 145,367 shares. The stock had previously closed at C$0.08.

Maple Gold Mines Stock Up 7.7 %

The stock’s fifty day moving average is C$0.08 and its two-hundred day moving average is C$0.07. The company has a current ratio of 2.22, a quick ratio of 4.95 and a debt-to-equity ratio of 5.05. The company has a market capitalization of C$26.34 million, a PE ratio of -2.33 and a beta of 0.50.

About Maple Gold Mines

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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.

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