Shares of Macarthur Minerals Limited (CVE:MMS – Get Free Report) were up 50% during trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 612,000 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 207,760 shares. The stock had previously closed at C$0.01.
Macarthur Minerals Trading Up 50.0 %
The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.04. 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 has a market cap of C$3.35 million, a P/E ratio of -0.63 and a beta of 1.81.
About Macarthur Minerals
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.
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