Moneta Gold (TSE:ME) Shares Up 1.6% – Should You Buy?

Shares of Moneta Gold Inc. (TSE:MEGet Free Report) were up 1.6% on Monday . The company traded as high as C$0.63 and last traded at C$0.63. Approximately 75,640 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 37,638 shares. The stock had previously closed at C$0.62.

Moneta Gold Trading Up 1.6 %

The company has a market cap of C$50.90 million, a PE ratio of -1.85 and a beta of 1.47. The company has a quick ratio of 1.79, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of C$0.73.

About Moneta Gold

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Moneta Gold Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. It explores for gold deposits. The company's flagship project is the Tower gold project, which is located in the Timmins region of Northeastern Ontario. The company was formerly known as Moneta Porcupine Mines Inc and changed its name to Moneta Gold Inc in August 2021.

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