Mammoth Resources (CVE:MTH) Stock Price Down 14.3% – Should You Sell?

Mammoth Resources Corp. (CVE:MTH)’s stock price traded down 14.3% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 119,730 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Trading Up 33.3%

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 business’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The stock has a market cap of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02.

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