Mammoth Resources (CVE:MTH) Reaches New 52-Week Low – Should You Sell?
by Michael Walen · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 13000 shares changing hands. The stock had previously closed at C$0.03.
Mammoth Resources Stock Performance
The firm has a market capitalization of C$2.13 million, a P/E ratio of -2.00 and a beta of 2.90. The company has a current ratio of 0.16, a quick ratio of 5.53 and a debt-to-equity ratio of -4.87. The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.04.
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.