Mammoth Resources (CVE:MTH) Shares Up 33.3% – What’s Next?

Mammoth Resources Corp. (CVE:MTH)’s stock price rose 33.3% on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares were traded during trading, an increase of 225% from the average daily volume of 88,323 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock 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 business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The stock has a market capitalization of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02.

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.