Macarthur Minerals (CVE:MMS) Stock Price Down 40% – Should You Sell?

Macarthur Minerals Limited (CVE:MMS)’s stock price traded down 40% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 1,305,000 shares were traded during trading, an increase of 1,001% from the average session volume of 118,530 shares. The stock had previously closed at C$0.03.

Macarthur Minerals Stock Performance

The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The stock has a market cap of C$3.35 million, a P/E ratio of -0.63 and a beta of 1.81. The business has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.04.

Macarthur Minerals Company Profile

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.