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

Mammoth Resources Corp. (CVE:MTH)’s stock price was down 15.4% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 122,100 shares changed hands during trading, an increase of 71% from the average daily volume of 71,372 shares. The stock had previously closed at C$0.07.

Mammoth Resources Price Performance

The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The company’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$5.86 million, a PE 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.