Cassiar Gold Corp. (MRL.V) (CVE:MRL) Trading 3.4% Higher – Should You Buy?

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

Cassiar Gold Corp. (MRL.V) Stock 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 stock has a fifty day moving average price of C$0.21 and a two-hundred day moving average price of C$0.28. The firm has a market capitalization of C$6.02 million and a P/E ratio of -2.08.

About Cassiar Gold Corp. (MRL.V)

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.