Mammoth Resources (CVE:MTH) Stock Price Up 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s share price traded up 33.3% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 287,000 shares were traded during mid-day trading, an increase of 224% from the average session volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

The company has a market cap of C$8.52 million, a price-to-earnings ratio of -8.00 and a beta of 4.02. The company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15.

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.