Magnum Goldcorp (CVE:MGI) Sets New 12-Month High – Should You Buy?

Magnum Goldcorp Inc. (CVE:MGIGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as C$0.06 and last traded at C$0.02, with a volume of 186001 shares trading hands. The stock had previously closed at C$0.02.

Magnum Goldcorp Price Performance

The stock has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.01. The company has a market capitalization of C$579,300.00, a PE ratio of -1.50 and a beta of -0.37. The company has a current ratio of 0.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.09.

Magnum Goldcorp Company Profile

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Magnum Goldcorp Inc engages in the acquisition and exploration of mineral resource properties in Canada. It owns a 100% interest in the LH gold property, which consists of 19 contiguous crown granted claims and 7 mineral claims located to the south of the village of Silverton, British Columbia. The company was formerly known as Magnum Capital Corp.

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