Mammoth Resources (CVE:MTH) Stock Price Up 33.3% – Here’s What Happened

by · The Cerbat Gem

Shares of Mammoth Resources Corp. (CVE:MTH – Get Free Report) shot up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 287,000 shares changed hands during trading, an increase of 224% from the average session volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock 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 has a market cap of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02. The firm has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

Mammoth Resources Company Profile

(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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