Mammoth Resources (CVE:MTH) Stock Price Down 14.3% – Here’s Why
by Kim Johansen · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report) shares were down 14.3% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.
Mammoth Resources Trading Down 14.3%
The stock has a market cap of C$6.39 million, a price-to-earnings ratio of -6.00 and a beta of 4.02. The business has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15.
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.