Shares of Manitou Gold Inc. (CVE:MTU) traded up 22.2% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 340,897 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 286,028 shares. The stock had previously closed at C$0.05.
The firm has a market cap of $4.50 million and a P/E ratio of -1.61.
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Manitou Gold Inc acquires, explores for, and develops mineral properties in Canada. The company explores for gold properties. Its principal mineral assets include a 100% interest in the Kenwest property that holds 32 patented mining claims and 10 mining licenses of occupation covering 599 hectares located in the Township of Boyer Lake; and a 100% interest in the Gaffney property comprising 26 unpatented claims covering 4,560 hectares and 12 patented claims totaling 174 hectares located in the south of Dryden, Ontario.
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