Mammoth Resources (CVE:MTH) Trading 33.3% Higher – Still a Buy?
by Danessa Lincoln · The Markets DailyMammoth Resources Corp. (CVE:MTH – Get Free Report)’s stock price traded up 33.3% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 287,000 shares changed hands during mid-day 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 firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The firm has a market capitalization of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. 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
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.