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

Shares of Cassiar Gold Corp. (MRL.V) (CVE:MRL) shot up 3.4% during trading on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. 587,100 shares traded hands during mid-day trading, an increase of 187% from the average session volume of 204,600 shares. The stock had previously closed at C$0.15.

Cassiar Gold Corp. (MRL.V) Trading Up 3.4 %

The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.70 and a current ratio of 0.71. The business’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.34. The company has a market cap of C$6.02 million and a P/E ratio of -2.08.

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.