Macarthur Minerals (CVE:MMS) Trading 50% Higher – What’s Next?

Macarthur Minerals Limited (CVE:MMS) rose 50% during mid-day trading on Tuesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 626,600 shares traded hands during mid-day trading, an increase of 193% from the average daily volume of 213,675 shares. The stock had previously closed at C$0.01.

Macarthur Minerals Price Performance

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

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.