Mammoth Resources (CVE:MTH) Trading 33.3% Higher – Here’s What Happened

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

Mammoth Resources Stock Up 33.3%

The stock has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a market capitalization of C$8.52 million, a P/E ratio of -8.00 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.

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.