Mammoth Resources (CVE:MTH) Trading Up 36.4% – Still a Buy?

Mammoth Resources Corp. (CVE:MTH)’s stock price rose 36.4% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares were traded during 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 Stock Up 36.4%

The stock has a market cap of C$7.99 million, a P/E ratio of -7.50 and a beta of 4.02. The company’s fifty day moving average price is C$0.05 and its 200-day moving average price 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.

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.