Mammoth Resources (CVE:MTH) Shares Up 36.4% – Still a Buy?

Mammoth Resources Corp. (CVE:MTH)’s stock price traded up 36.4% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 205,000 shares changed hands during mid-day trading, an increase of 176% from the average session volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Up 36.4%

The stock has a market cap of C$7.99 million, a price-to-earnings ratio of -7.50 and a beta of 4.02. The firm’s fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53.

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.