Manitou Gold (CVE:MTU) Shares Up 40%

Manitou Gold Inc. (CVE:MTU) shares were up 40% on Monday . The stock traded as high as C$0.05 and last traded at C$0.04, approximately 1,726,271 shares traded hands during mid-day trading. An increase of 743% from the average daily volume of 204,856 shares. The stock had previously closed at C$0.03.

The stock has a market cap of $3.67 million and a PE ratio of -1.75. The firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05.

About Manitou Gold (CVE:MTU)

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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