Mason Resources Inc. (CVE:LLG – Get Free Report) shares dropped 25% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 666,655 shares were traded during mid-day trading, an increase of 392% from the average daily volume of 135,593 shares. The stock had previously closed at C$0.12.
Mason Resources Price Performance
The company has a market capitalization of C$17.29 million, a price-to-earnings ratio of 2.33 and a beta of 1.77. The stock has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.07.
About Mason Resources
Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.
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