Macarthur Minerals Limited (CVE:MMS) rose 52.9% during mid-day trading on Wednesday . The stock traded as high as C$0.27 and last traded at C$0.26, approximately 306,763 shares were traded during mid-day trading. An increase of 78% from the average daily volume of 172,459 shares. The stock had previously closed at C$0.17.
The firm’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The company has a quick ratio of 2.90, a current ratio of 3.59 and a debt-to-equity ratio of 12.23. The company has a market cap of $13.69 million and a P/E ratio of -18.57.
About Macarthur Minerals (CVE:MMS)
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.
Further Reading: Percentage Decliners
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