Mammoth Resources (CVE:MTH) Shares Up 36.4% – Time to Buy?

Shares of Mammoth Resources Corp. (CVE:MTHGet Free Report) were up 36.4% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares changed hands during trading, an increase of 176% from the average daily volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

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 company has a market cap of C$7.99 million, a PE ratio of -7.50 and a beta of 4.02. The firm has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.05.

Mammoth Resources Company Profile

(Get Free Report)

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.

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