Mammoth Resources (CVE:MTH) Shares Down 16.7% – Here’s Why
by Sarita Garza · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report) shares traded down 16.7% on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. 300,000 shares were traded during mid-day trading, an increase of 205% from the average session volume of 98,295 shares. The stock had previously closed at C$0.06.
Mammoth Resources Trading Down 16.7%
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 company’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The firm has a market capitalization of C$5.33 million, a PE ratio of -5.00 and a beta of 4.73.
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.