Mammoth Resources (CVE:MTH) Shares Down 16.7% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s stock price dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 300,000 shares were traded 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 Performance

The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53. The business has a 50 day moving average price of C$0.06 and a 200 day moving average price of 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.

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.