Mammoth Resources (CVE:MTH) Stock Price Up 36.4% – Time to Buy?

by · The Cerbat Gem

Shares of Mammoth Resources Corp. (CVE:MTH – Get Free Report) rose 36.4% on Wednesday . The company 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 Up 36.4%

The company has a market capitalization of C$7.99 million, a price-to-earnings ratio of -7.50 and a beta of 4.02. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The business’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.05.

Mammoth Resources Company Profile

(Get Free Report)

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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