Mammoth Resources (CVE:MTH) Stock Falls 20% – Here’s Why

Shares of Mammoth Resources Corp. (CVE:MTH) traded down 20% on Friday. The stock traded as low as C$0.02 and last traded at C$0.02. 102,000 shares changed hands during trading, a decline of 23% from the average daily volume of 132,689 shares. The stock had previously closed at C$0.03.

Mammoth Resources Stock Down 20.0%

The company has a market capitalization of C$2.13 million, a price-to-earnings ratio of -2.00 and a beta of 3.52. The stock’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of -3.41, a current ratio of 0.11 and a quick ratio of 5.53.

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.