Mammoth Resources (CVE:MTH) Stock Price Down 16.7% – Time to Sell?

Mammoth Resources Corp. (CVE:MTH) dropped 16.7% during mid-day trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 300,000 shares traded hands during trading, an increase of 205% from the average daily volume of 98,295 shares. The stock had previously closed at C$0.06.

Mammoth Resources Trading Down 16.7%

The stock has a 50 day moving average of C$0.05 and a 200 day moving average of 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 firm has a market cap of C$5.33 million, a P/E ratio of -5.00 and a beta of 4.73.

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.