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

Mammoth Resources Corp. (CVE:MTH)’s stock price fell 16.7% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 300,000 shares were traded during mid-day 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 stock has a market cap of C$5.33 million, a P/E ratio of -5.00 and a beta of 4.73. The stock has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15.

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.