Mammoth Resources (CVE:MTH) Shares Down 16.7% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s share price dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 300,000 shares changed hands during mid-day 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 Price Performance

The firm has a market cap of C$5.33 million, a PE ratio of -5.00 and a beta of 4.73. The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

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.