Mammoth Resources (CVE:MTH) Trading 33.3% Higher – What’s Next?

Mammoth Resources Corp. (CVE:MTH)’s stock price was up 33.3% during trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares changed hands during mid-day trading, an increase of 224% from the average daily volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The stock has a market capitalization of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02. The business’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05.

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. The company was formerly known as Mammoth Capital Corp. and changed its name to Mammoth Resources Corp.