Mammoth Resources (CVE:MTH) Trading Up 33.3% – Still a Buy?

Mammoth Resources Corp. (CVE:MTH)’s share price shot up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 287,000 shares changed hands during 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 Trading Up 33.3%

The business’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53. The stock has a market capitalization of C$8.52 million, a P/E 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.