Mammoth Resources (CVE:MTH) Shares Up 33.3% – Should You Buy?

Mammoth Resources Corp. (CVE:MTH)’s stock price rose 33.3% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares changed hands during trading, an increase of 225% from the average daily volume of 88,323 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Up 33.3%

The company has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The company has a market capitalization of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02. 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.