Mammoth Resources (CVE:MTH) Trading Up 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH) rose 33.3% on Saturday . The company 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 Trading Up 33.3%

The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The company has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The business has a fifty day moving average price of C$0.05 and a 200 day moving average price of 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.