Mason Resources (CVE:LLG) Trading Up 14.3% – Time to Buy?

Mason Resources Inc. (CVE:LLG)’s share price rose 14.3% during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 467,296 shares were traded during mid-day trading, an increase of 245% from the average daily volume of 135,419 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Up 14.3%

The company has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.09. The firm has a market cap of C$13.54 million, a P/E ratio of 1.33 and a beta of -0.86.

About Mason Resources

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products. The company was formerly known as Mason Graphite Inc and changed its name to Mason Resources Inc in October 2023.