Mammoth Resources (CVE:MTH) Shares Down 14.3% – Time to Sell?

Mammoth Resources Corp. (CVE:MTH) traded down 14.3% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 154,000 shares were traded during trading, an increase of 95% from the average daily volume of 78,806 shares. The stock had previously closed at C$0.04.

Mammoth Resources Stock Performance

The stock has a market cap of C$3.20 million, a P/E ratio of -3.00 and a beta of 2.73. The company has a fifty day moving average of C$0.04 and a 200 day moving average of C$0.05. The company has a debt-to-equity ratio of -2.24, a current ratio of 0.24 and a quick ratio of 5.53.

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.