Shares of Macarthur Minerals Limited (CVE:MMS) were down 9.1% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 192,666 shares traded hands during trading, a decline of 62% from the average daily volume of 508,120 shares. The stock had previously closed at C$0.06.
The firm has a market capitalization of $15.25 million and a PE ratio of -3.57.
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Macarthur Minerals Limited engages in the exploration and evaluation mineral resource properties in Australia and Nevada. It primarily explores for gold, lithium, iron ore, nickel, and cobalt deposits. The company holds 100% interests in three iron ore projects in the Yilgarn region of Western Australia; various project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, and hard rock lithium; and lithium brine interests in the Railroad Valley, Nevada.
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