Mammoth Resources (CVE:MTH) Trading Down 14.3% – Should You Sell?

Mammoth Resources Corp. (CVE:MTHGet Free Report)’s stock price dropped 14.3% during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares traded hands during trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Price Performance

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 company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a market cap of C$6.39 million, a P/E ratio of -6.00 and a beta of 4.02.

About Mammoth Resources

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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.

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