Mammoth Resources (CVE:MTH) Hits New 1-Year Low – What’s Next?

Mammoth Resources Corp. (CVE:MTH) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 52500 shares changing hands. The stock had previously closed at C$0.04.

Mammoth Resources Trading Down 42.9%

The stock has a market cap of C$2.13 million, a P/E ratio of -2.00 and a beta of 2.90. The company has a debt-to-equity ratio of -4.87, a quick ratio of 5.53 and a current ratio of 0.16. The stock’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.05.

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.