Mammoth Resources (CVE:MTH) Trading Up 36.4% – Should You Buy?

Mammoth Resources Corp. (CVE:MTHGet Free Report)’s share price shot up 36.4% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 205,000 shares traded hands during trading, an increase of 176% from the average session volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Up 7.7%

The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The stock has a market cap of C$7.46 million, a price-to-earnings ratio of -7.00 and a beta of 4.02.

About Mammoth Resources

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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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