Mammoth Resources (CVE:MTH) Trading 36.4% Higher – What’s Next?

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

Mammoth Resources Stock Performance

The firm’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.05. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The stock has a market cap of C$7.99 million, a P/E ratio of -7.50 and a beta of 4.02.

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.