Mammoth Resources (CVE:MTH) Shares Down 14.3% – What’s Next?

Mammoth Resources Corp. (CVE:MTH) shares were down 14.3% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares changed hands during trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Trading Down 14.3%

The business’s 50 day simple moving average is C$0.05 and its 200-day simple moving average 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. The stock has a market capitalization of C$6.39 million, a P/E ratio of -6.00 and a beta of 4.02.

About Mammoth Resources

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.