Mammoth Resources (CVE:MTH) Shares Up 33.3% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTH) was up 33.3% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares were traded during 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 Trading Up 33.3%

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

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.