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

Cassiar Gold Corp. (MRL.V) (CVE:MRL)’s stock price was up 3.4% on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 587,100 shares traded 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 firm has a market cap of C$6.02 million and a price-to-earnings ratio of -2.08. The stock’s 50 day moving average is C$0.21 and its 200 day moving average is C$0.28. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 1.81.

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.