Mammoth Resources (CVE:MTH) Trading Down 16.7% – Here’s What Happened
by Sarita Garza · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report) traded down 16.7% during trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 300,000 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 98,295 shares. The stock had previously closed at C$0.06.
Mammoth Resources Stock Performance
The stock has a market capitalization of C$5.33 million, a P/E ratio of -5.00 and a beta of 4.73. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The company has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.
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.