Mammoth Resources (CVE:MTH) Shares Up 36.4% – Should You Buy?

Mammoth Resources Corp. (CVE:MTH)’s share price rose 36.4% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Up 36.4%

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 firm has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The firm has a market capitalization of C$7.99 million, a P/E ratio of -7.50 and a beta of 4.02.

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.