Mammoth Resources Corp. (CVE:MTH – Get Free Report)’s stock price dropped 20% during mid-day trading on Friday. The stock traded as low as C$0.02 and last traded at C$0.02. 102,000 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 132,689 shares. The stock had previously closed at C$0.03.
Mammoth Resources Trading Down 20.0%
The company has a market cap of C$2.13 million, a price-to-earnings ratio of -2.00 and a beta of 3.52. The business has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of C$0.03. The company has a quick ratio of 5.53, a current ratio of 0.11 and a debt-to-equity ratio of -3.41.
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.
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