Mammoth Resources (CVE:MTH) Trading 33.3% Higher – Still a Buy?

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

Mammoth Resources Trading Up 33.3%

The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The firm has a market cap of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. The company has a fifty day moving average price of C$0.05 and a 200-day moving average price of 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.