Mammoth Resources (CVE:MTH) Shares Down 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH) dropped 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 435,530 shares were traded during mid-day trading, an increase of 475% from the average daily volume of 75,695 shares. The stock had previously closed at C$0.03.

Mammoth Resources Trading Down 42.9%

The firm has a 50 day moving average price of C$0.03 and a two-hundred day moving average price of C$0.05. The firm has a market capitalization of C$2.13 million, a P/E ratio of -2.00 and a beta of 2.90. The company has a debt-to-equity ratio of -4.87, a quick ratio of 5.53 and a current ratio of 0.16.

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.