Mammoth Resources (CVE:MTH) Trading Down 14.3% – Here’s Why

Mammoth Resources Corp. (CVE:MTH) dropped 14.3% during trading on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 119,730 shares changed hands during trading, an increase of 66% from the average daily volume of 72,017 shares. The stock had previously closed at C$0.07.

Mammoth Resources Stock Performance

The company has a quick ratio of 5.53, a current ratio of 0.01 and a debt-to-equity ratio of -7.15. The company has a market cap of C$6.39 million, a P/E ratio of -6.00 and a beta of 4.02. The stock has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.

About Mammoth Resources

Mammoth Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mining properties in Mexico. It holds a 100% interest in the Tenoriba property consisting of four concessions, including Mapy, Mapy 2, Mapy 3, and Fernanda covering a land package of totalling 5,333 hectares located in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico. The company was formerly known as Mammoth Capital Corp. and changed its name to Mammoth Resources Corp.