Shares of Mammoth Resources Corp. (CVE:MTH – Get Free Report) shot up 23.1% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 161,582 shares changed hands during trading, an increase of 13% from the average session volume of 143,140 shares. The stock had previously closed at C$0.07.
Mammoth Resources Stock Performance
The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a market cap of C$5.39 million, a PE ratio of -8.00 and a beta of 3.76. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15.
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.
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