Macarthur Minerals (CVE:MMS) Hits New 52-Week Low – Time to Sell?
by Amy Steele · The Cerbat GemMacarthur Minerals Limited (CVE:MMS – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 309000 shares. The stock had previously closed at C$0.04.
Macarthur Minerals Trading Down 12.5 %
The business’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. The stock has a market cap of C$7.81 million, a P/E ratio of -1.48 and a beta of 1.81. The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89.
About Macarthur Minerals
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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