Mammoth Resources (CVE:MTH) Shares Up 33.3% – Should You Buy?

Shares of Mammoth Resources Corp. (CVE:MTH) rose 33.3% on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares traded hands during mid-day trading, an increase of 225% from the average daily volume of 88,323 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

The firm has a market cap of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The company has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53.

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.