Mammoth Resources (CVE:MTH) Shares Down 36.4% – Time to Sell?

Mammoth Resources Corp. (CVE:MTH)’s share price dropped 36.4% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 203,000 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 112,708 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Performance

The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The firm has a market cap of C$3.17 million, a price-to-earnings ratio of -3.50 and a beta of 3.50.

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.