Mammoth Resources (CVE:MTH) Shares Down 14.3% – Here’s Why

Shares of Mammoth Resources Corp. (CVE:MTH) were down 14.3% during trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares changed hands during trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Trading Up 33.3%

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 capitalization of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. The business 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.