Mason Resources (CVE:LLG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Mason Resources Inc. (CVE:LLG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 11,000 shares trading hands.

Mason Resources Stock Up 5.9%

The company has a market cap of C$15.24 million, a P/E ratio of 0.75 and a beta of 1.54. The firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.09.

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.