Mammoth Resources (CVE:MTH) Trading Down 15.4% – Should You Sell?

Mammoth Resources Corp. (CVE:MTH) was down 15.4% on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 122,100 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 62,483 shares. The stock had previously closed at C$0.07.

Mammoth Resources Trading Down 15.4%

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 firm has a market cap of C$5.86 million, a P/E ratio of -5.50 and a beta of 4.02. The firm has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05.

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.