Macarthur Minerals (CVE:MMS) Trading 42.9% Higher – Still a Buy?

by · The Cerbat Gem

Macarthur Minerals Limited (CVE:MMS – Get Free Report) rose 42.9% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 212,000 shares traded hands during mid-day trading, an increase of 112% from the average daily volume of 100,072 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Price Performance

The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.05. The company has a market capitalization of C$11.15 million, a P/E ratio of -2.11 and a beta of 1.81.

About Macarthur Minerals

(Get Free Report)

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.

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