Mammoth Resources (CVE:MTH) Shares Up 36.4% – Time to Buy?

by · The Cerbat Gem

Mammoth Resources Corp. (CVE:MTH – Get Free Report) shares shot up 36.4% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 205,000 shares changed hands during 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 Stock Up 7.7%

The stock has a market cap of C$7.46 million, a P/E ratio of -7.00 and a beta of 4.02. The firm has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01.

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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