Mason Resources (CVE:LLG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Mason Resources Inc. (CVE:LLGGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.09 and traded as low as C$0.08. Mason Resources shares last traded at C$0.08, with a volume of 1,100 shares changing hands.

Mason Resources Price Performance

The firm has a market capitalization of C$13.54 million, a P/E ratio of 0.67 and a beta of -0.93. The firm has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09.

About Mason Resources

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Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products. The company was formerly known as Mason Graphite Inc and changed its name to Mason Resources Inc in October 2023.

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