Mammoth Resources (CVE:MTH) Trading Down 16.7% – What’s Next?

Mammoth Resources Corp. (CVE:MTH) shares were down 16.7% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 300,000 shares changed hands during trading, an increase of 205% from the average daily volume of 98,295 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Down 16.7%

The company’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.05. The stock has a market capitalization of C$5.33 million, a PE ratio of -5.00 and a beta of 4.73. The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15.

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.