Mammoth Resources (CVE:MTH) Stock Price Up 36.4% – Time to Buy?
by Mitch Edgeman · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report) shares traded up 36.4% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 205,000 shares traded hands during mid-day trading, an increase of 176% from the average session volume of 74,157 shares. The stock had previously closed at C$0.06.
Mammoth Resources Stock Up 36.4%
The firm has a market capitalization of C$7.99 million, a P/E 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 stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.05.
Mammoth Resources Company Profile
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.