Mammoth Resources (CVE:MTH) Shares Down 16.7% – Here’s Why

Mammoth Resources Corp. (CVE:MTH) shares traded down 16.7% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 300,000 shares changed hands during trading, an increase of 205% from the average session volume of 98,295 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Performance

The company has a debt-to-equity ratio of -7.15, a current ratio of 0.01 and a quick ratio of 5.53. The business has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a market cap of C$5.33 million, a PE ratio of -5.00 and a beta of 4.73.

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.