Mason Resources (CVE:LLG) Trading 22.2% Higher – Still a Buy?

Mason Resources Inc. (CVE:LLG) rose 22.2% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 339,234 shares were traded during trading, an increase of 303% from the average daily volume of 84,179 shares. The stock had previously closed at C$0.05.

Mason Resources Trading Up 22.2 %

The business’s 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.08. The company has a debt-to-equity ratio of 4.33, a current ratio of 96.78 and a quick ratio of 47.86. The firm has a market capitalization of C$7.77 million, a price-to-earnings ratio of -4.50 and a beta of 1.77.

Mason Resources (CVE:LLG) last posted its quarterly earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Mason Resources Inc. will post 0.11 earnings per share for the current fiscal year.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.