Mammoth Resources (CVE:MTH) Shares Up 18.2% – Time to Buy?
by Jessica Moore · The Cerbat GemMammoth Resources Corp. (CVE:MTH – Get Free Report)’s stock price shot up 18.2% on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. 115,000 shares were traded during trading, an increase of 123% from the average session volume of 51,586 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 company’s fifty 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$7.46 million, a price-to-earnings ratio of -7.00 and a beta of 4.02.
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.