Mammoth Resources (CVE:MTH) Hits New 52-Week High – Time to Buy?

Shares of Mammoth Resources Corp. (CVE:MTHGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.07, with a volume of 205701 shares traded. The stock had previously closed at C$0.08.

Mammoth Resources Trading Down 18.8%

The business’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is 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. The company has a market capitalization of C$6.93 million, a price-to-earnings ratio of -6.50 and a beta of 4.02.

Mammoth Resources Company Profile

(Get Free Report)

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.

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