Mammoth Resources (CVE:MTH) Stock Price Down 16.7% – What’s Next?

Mammoth Resources Corp. (CVE:MTH)’s stock price dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 300,000 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 98,295 shares. The stock had previously closed at C$0.06.

Mammoth Resources Stock Down 16.7%

The business has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of -7.15, a quick ratio of 5.53 and a current ratio of 0.01. The company has a market cap of C$5.33 million, a price-to-earnings ratio of -5.00 and a beta of 4.73.

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.