Mammoth Resources (CVE:MTH) Stock Price Up 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s stock price was up 33.3% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares were traded during mid-day trading, an increase of 224% from the average daily volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Up 33.3%

The company has a market cap of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. The company’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15.

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.