Mammoth Resources (CVE:MTH) Stock Price Down 14.3% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTH)’s share price fell 14.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. 119,730 shares traded hands during trading, an increase of 66% from the average session volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Trading Up 33.3%

The stock has a market cap of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. The business has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01.

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.