Mammoth Resources (CVE:MTH) Shares Up 36.4% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s stock price traded up 36.4% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 205,000 shares traded hands during mid-day trading, an increase of 176% from the average session volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Up 36.4%

The stock has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The stock has a market cap of C$7.99 million, a PE ratio of -7.50 and a beta of 4.02.

About Mammoth Resources

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.