Mason Resources (CVE:LLG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Mason Resources Inc. (CVE:LLG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.09 and traded as high as C$0.09. Mason Resources shares last traded at C$0.09, with a volume of 198,020 shares changing hands.

Mason Resources Stock Down 5.6%

The firm has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.09. The firm has a market capitalization of C$14.39 million, a price-to-earnings ratio of 0.71 and a beta of -0.93.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products. The company was formerly known as Mason Graphite Inc and changed its name to Mason Resources Inc in October 2023.