Mason Resources (CVE:LLG) Stock Price Up 38.5% – Time to Buy?

Mason Resources Inc. (CVE:LLG)’s stock price rose 38.5% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 593,501 shares were traded during mid-day trading, an increase of 377% from the average daily volume of 124,431 shares. The stock had previously closed at C$0.07.

Mason Resources Trading Up 23.1 %

The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33. The firm has a market cap of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77. The business’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.07.

Mason Resources (CVE:LLG) last released its earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. As a group, analysts forecast that Mason Resources Inc. will post 0.11 earnings per share for the current fiscal year.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.