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

Macarthur Minerals Limited (CVE:MMS)’s stock price shot up 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 612,000 shares changed hands during trading, an increase of 195% from the average session volume of 207,760 shares. The stock had previously closed at C$0.01.

Macarthur Minerals Stock Performance

The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.04. The stock has a market cap of C$2.23 million, a PE ratio of -0.42 and a beta of 1.81.

About Macarthur Minerals

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.