Mammoth Resources (CVE:MTH) Shares Up 50% – What’s Next?

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

Mammoth Resources Trading Up 50.0%

The business has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The stock 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 debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53.

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.