Mammoth Resources (CVE:MTH) Sets New 52-Week High – Still a Buy?

Mammoth Resources Corp. (CVE:MTHGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as C$0.04 and last traded at C$0.03, with a volume of 35000 shares. The stock had previously closed at C$0.04.

Mammoth Resources Trading Down 28.6%

The firm has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The firm has a market cap of C$1.68 million, a PE ratio of -2.61 and a beta of 2.05. The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15.

About Mammoth Resources

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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.

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