Mammoth Resources (CVE:MTH) Trading Down 14.3% – Should You Sell?

Mammoth Resources Corp. (CVE:MTH) traded down 14.3% during trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 119,730 shares were traded during 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 Trading Up 33.3%

The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The business’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.05. The stock has a market cap of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02.

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.