Mammoth Resources (CVE:MTH) Shares Up 33.3% – Time to Buy?

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

Mammoth Resources Price Performance

The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53. The firm has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The company’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.05.

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.