Mammoth Resources (CVE:MTH) Trading Up 36.4% – What’s Next?

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

Mammoth Resources Stock Performance

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 market capitalization of C$7.99 million, a price-to-earnings ratio of -7.50 and a beta of 4.02. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15.

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.