Macarthur Minerals (CVE:MMS) Stock Price Up 50% – Here’s Why

Macarthur Minerals Limited (CVE:MMS) shares rose 50% during trading on Monday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 286,600 shares changed hands during trading, an increase of 39% from the average daily volume of 206,736 shares. The stock had previously closed at C$0.01.

Macarthur Minerals Price Performance

The business has a 50-day simple moving average of C$0.03 and a 200 day simple moving average of C$0.04. The firm has a market cap of C$3.35 million, a P/E ratio of -0.63 and a beta of 1.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.59 and a current ratio of 0.60.

Macarthur Minerals Company Profile

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.