Mammoth Resources (CVE:MTH) Shares Up 50% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTH) was up 50% during mid-day trading on Saturday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 1,082,400 shares were traded during trading, an increase of 582% from the average daily volume of 158,667 shares. The stock had previously closed at C$0.02.

Mammoth Resources Trading Up 50.0%

The company has a market cap of C$2.02 million, a price-to-earnings ratio of -3.13 and a beta of 2.05. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The company’s 50-day moving average is C$0.03 and its 200 day moving average is C$0.02.

Mammoth Resources Company Profile

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.