Mammoth Resources (CVE:MTH) Trading Down 14.3% – Time to Sell?

Shares of Mammoth Resources Corp. (CVE:MTH) were down 14.3% on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares traded hands during 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 Stock Up 33.3%

The firm has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The stock has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53.

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.