Mammoth Resources (CVE:MTH) Shares Down 14.3% – What’s Next?

Mammoth Resources Corp. (CVE:MTH)’s share price dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares changed hands during trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Stock Down 14.3%

The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The firm has a market capitalization of C$6.39 million, a price-to-earnings ratio of -6.00 and a beta of 4.02. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01.

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.