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

Mammoth Resources Corp. (CVE:MTH) dropped 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 154,000 shares traded hands during trading, an increase of 95% from the average daily volume of 78,806 shares. The stock had previously closed at C$0.04.

Mammoth Resources Price Performance

The business has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.05. The firm has a market capitalization of C$3.20 million, a PE ratio of -3.00 and a beta of 2.73. The company has a current ratio of 0.24, a quick ratio of 5.53 and a debt-to-equity ratio of -2.24.

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.