Mammoth Resources (CVE:MTH) Stock Price Up 50% – Time to Buy?

Mammoth Resources Corp. (CVE:MTH)’s stock price rose 50% during trading on Saturday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 1,082,400 shares were traded during mid-day 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 Price Performance

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