Mammoth Resources (CVE:MTH) Shares Up 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s share price rose 33.3% during mid-day trading 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 mid-day 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 Price Performance

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 stock has a market capitalization of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02. The stock’s 50 day moving average is C$0.05 and its two-hundred day moving average is 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.