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

Mason Resources Inc. (CVE:LLG)’s share price shot up 14.3% during trading on Monday . The stock traded as high as C$0.08 and last traded at C$0.08. 467,296 shares changed hands during trading, an increase of 245% from the average session volume of 135,419 shares. The stock had previously closed at C$0.07.

Mason Resources Price Performance

The firm has a market cap of C$13.54 million, a PE ratio of 1.33 and a beta of -0.86. The firm has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09.

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.