Mammoth Resources (CVE:MTH) Stock Price Down 15.4% – Time to Sell?

Mammoth Resources Corp. (CVE:MTH)’s share price fell 15.4% during mid-day trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. 122,100 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 62,483 shares. The stock had previously closed at C$0.07.

Mammoth Resources Stock Down 15.4%

The company has a current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The business’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a market capitalization of C$5.86 million, a P/E ratio of -5.50 and a beta of 4.02.

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.