Mammoth Resources (CVE:MTH) Trading Down 14.3% – Should You Sell?

Mammoth Resources Corp. (CVE:MTH – Get Free Report) shares fell 14.3% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 119,730 shares were traded during mid-day trading, an increase of 66% from the average session volume of 72,017 shares. The stock had previously closed at C$0.07.

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 stock has a market capitalization of C$8.52 million, a P/E ratio of -8.00 and a beta of 4.02. The company has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05.

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.
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