Mammoth Resources (CVE:MTH) Trading 18.2% Higher – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s stock price shot up 18.2% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 115,000 shares were traded during mid-day trading, an increase of 123% from the average session volume of 51,586 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 stock’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$7.99 million, a PE 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.