Mammoth Resources (CVE:MTH) Shares Down 36.4% – What’s Next?

Shares of Mammoth Resources Corp. (CVE:MTH) dropped 36.4% during mid-day trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 203,000 shares traded hands during trading, an increase of 82% from the average daily volume of 111,625 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Down 36.4%

The stock has a market cap of C$3.17 million, a price-to-earnings ratio of -3.50 and a beta of 3.50. The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. 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.