Mammoth Resources (CVE:MTH) Trading Down 16.7% – Here’s What Happened
by Kim Johansen · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report)’s stock price traded down 16.7% on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. 300,000 shares were traded during trading, an increase of 210% from the average session volume of 96,628 shares. The stock had previously closed at C$0.06.
Mammoth Resources Price Performance
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’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.05. The stock has a market capitalization of C$5.33 million, a PE ratio of -5.00 and a beta of 4.73.
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.