Macarthur Minerals (CVE:MMS) Stock Price Down 40% – Should You Sell?

Macarthur Minerals Limited (CVE:MMS)’s share price was down 40% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 1,305,000 shares changed hands during trading, an increase of 1,001% from the average daily volume of 118,530 shares. The stock had previously closed at C$0.03.

Macarthur Minerals Stock Up 50.0 %

The company has a current ratio of 0.60, a quick ratio of 5.59 and a debt-to-equity ratio of 0.89. The firm’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04. The company has a market capitalization of C$3.35 million, a price-to-earnings ratio of -0.63 and a beta of 1.81.

Macarthur Minerals Company Profile

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.