Mammoth Resources (CVE:MTH) Trading 36.4% Higher – Here’s Why

by · The Cerbat Gem

Mammoth Resources Corp. (CVE:MTH – Get Free Report) shares traded up 36.4% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 205,000 shares were traded 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 Trading Up 7.7%

The stock has a market capitalization of C$7.46 million, a P/E ratio of -7.00 and a beta of 4.02. The stock’s fifty day moving average price is C$0.05 and its two-hundred 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.

About Mammoth Resources

(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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