Mammoth Resources (CVE:MTH) Stock Price Up 33.3% – Should You Buy?

Mammoth Resources Corp. (CVE:MTH)’s stock price shot up 33.3% on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 287,000 shares were traded during trading, an increase of 224% from the average session volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

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 company has a market capitalization of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02. The firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05.

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. The company was formerly known as Mammoth Capital Corp. and changed its name to Mammoth Resources Corp.