Mammoth Resources (CVE:MTH) Stock Price Up 33.3% – Here’s What Happened

Mammoth Resources Corp. (CVE:MTHGet Free Report) rose 33.3% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 287,000 shares changed hands during trading, an increase of 224% from the average daily volume of 88,554 shares. The stock had previously closed at C$0.06.

Mammoth Resources Price Performance

The business’s 50 day moving average is C$0.05 and its two-hundred day 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 firm has a market capitalization of C$8.52 million, a PE ratio of -8.00 and a beta of 4.02.

About Mammoth Resources

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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.

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