Mammoth Resources (CVE:MTH) Stock Price Up 36.4% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTH)’s stock price shot up 36.4% during trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 205,000 shares changed hands during 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 Stock Up 7.7%

The firm has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.05. The stock has a market capitalization of C$7.46 million, a PE ratio of -7.00 and a beta of 4.02. The company has a current ratio of 0.01, a quick ratio of 5.53 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.