Mammoth Resources (CVE:MTH) Shares Up 33.3% – Should You Buy?

Shares of Mammoth Resources Corp. (CVE:MTH) were up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares traded hands 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 has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The stock has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The business’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

About Mammoth Resources

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.