Mammoth Resources (CVE:MTH) Shares Up 36.4% – What’s Next?
by Amy Steele · The Cerbat GemShares of Mammoth Resources Corp. (CVE:MTH – Get Free Report) rose 36.4% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares changed hands during trading, an increase of 176% from the average daily volume of 74,157 shares. The stock had previously closed at C$0.06.
Mammoth Resources Stock Performance
The business’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The stock has a market cap of C$7.99 million, a PE ratio of -7.50 and a beta of 4.02.
About Mammoth Resources
Mammoth Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mining properties in Mexico. It holds a 100% interest in the Tenoriba property consisting of four concessions, including Mapy, Mapy 2, Mapy 3, and Fernanda covering a land package of totalling 5,333 hectares located in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico. The company was formerly known as Mammoth Capital Corp. and changed its name to Mammoth Resources Corp.
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