Macarthur Minerals (CVE:MMS) Stock Price Up 50% – Should You Buy?

Macarthur Minerals Limited (CVE:MMS) shares traded up 50% on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. 286,600 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 206,736 shares. The stock had previously closed at C$0.01.

Macarthur Minerals Trading Up 50.0%

The firm has a market cap of C$3.35 million, a P/E ratio of -0.63 and a beta of 1.81. The business’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59.

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.