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

Mammoth Resources Corp. (CVE:MTH) shot up 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 287,000 shares were traded during mid-day trading, an increase of 224% from the average session volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Performance

The business has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. The company 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 current ratio of 0.01, a quick ratio of 5.53 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.