Mammoth Resources (CVE:MTH) Shares Down 33.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH)’s stock price fell 33.3% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 435,530 shares changed hands during mid-day trading, an increase of 475% from the average session volume of 75,695 shares. The stock had previously closed at C$0.03.

Mammoth Resources Trading Down 42.9%

The business’s 50 day moving average is C$0.03 and its two-hundred day moving average is C$0.05. The company has a quick ratio of 5.53, a current ratio of 0.16 and a debt-to-equity ratio of -4.87. The firm has a market capitalization of C$2.13 million, a P/E ratio of -2.00 and a beta of 2.90.

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.