Mammoth Resources (CVE:MTH) Shares Down 14.3% – Should You Sell?

Shares of Mammoth Resources Corp. (CVE:MTH) were down 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares were traded during mid-day 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 Price Performance

The company has a 50 day moving average of C$0.05 and a 200 day moving average of 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 cap of C$8.52 million, a price-to-earnings ratio of -8.00 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.