Mammoth Resources (CVE:MTH) Hits New 52-Week Low – Time to Sell?

Mammoth Resources Corp. (CVE:MTHGet Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 10000 shares changing hands. The stock had previously closed at C$0.02.

Mammoth Resources Trading Down 20.0%

The firm has a market cap of C$2.13 million, a price-to-earnings ratio of -2.00 and a beta of 2.90. The company’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.04. The company has a quick ratio of 5.53, a current ratio of 0.16 and a debt-to-equity ratio of -4.87.

Mammoth Resources Company Profile

(Get Free Report)

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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