Mammoth Resources (CVE:MTH) Shares Down 20% – Time to Sell?

Mammoth Resources Corp. (CVE:MTH)’s share price dropped 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 240,000 shares traded hands during mid-day trading, an increase of 228% from the average daily volume of 73,153 shares. The stock had previously closed at C$0.03.

Mammoth Resources Price Performance

The company has a market cap of C$1.35 million, a P/E ratio of -2.00 and a beta of 2.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.53 and a current ratio of 0.02. The stock has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02.

Mammoth Resources Company Profile

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.