Mason Resources (CVE:LLG) Shares Up 30.8% – What’s Next?

Mason Resources Inc. (CVE:LLG)’s stock price shot up 30.8% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 277,900 shares were traded during mid-day trading, an increase of 213% from the average session volume of 88,753 shares. The stock had previously closed at C$0.07.

Mason Resources Price Performance

The company has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.07. The stock has a market capitalization of C$12.72 million, a price-to-earnings ratio of -9.00 and a beta of 1.77. The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33.

Mason Resources (CVE:LLG) last posted its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. As a group, equities research analysts forecast that Mason Resources Inc. will post 0.11 EPS for the current fiscal year.

About Mason Resources

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.