Mammoth Resources (CVE:MTH) Trading Up 36.4% – Here’s What Happened

Shares of Mammoth Resources Corp. (CVE:MTH) were up 36.4% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 74,157 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Up 36.4%

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 current ratio of 0.01, a quick ratio of 5.53 and a debt-to-equity ratio of -7.15. The firm has a market capitalization of C$7.99 million, a PE ratio of -7.50 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.