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

Mammoth Resources Corp. (CVE:MTH)’s stock price traded down 14.3% 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 Stock Up 33.3%

The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The company has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The firm’s 50 day moving average price is C$0.05 and its two-hundred day moving average price 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.