Mammoth Resources (CVE:MTH) Trading Down 15.4% – Here’s Why

Mammoth Resources Corp. (CVE:MTH) shares traded down 15.4% on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. 122,100 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 62,483 shares. The stock had previously closed at C$0.07.

Mammoth Resources Price Performance

The stock has a market cap of C$5.86 million, a P/E ratio of -5.50 and a beta of 4.02. 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 simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

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.