Mammoth Resources (CVE:MTH) Shares Down 14.3% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTH)’s stock price traded down 14.3% during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 119,730 shares traded hands during mid-day 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 Down 14.3%

The firm has a market cap of C$6.39 million, a price-to-earnings ratio of -6.00 and a beta of 4.02. The business’s 50-day moving average is C$0.05 and its 200-day moving average 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.

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.