Macarthur Minerals (CVE:MMS) Sets New 52-Week Low – What’s Next?

Macarthur Minerals Limited (CVE:MMS)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 88000 shares changing hands. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Performance

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 stock has a market cap of C$6.69 million, a price-to-earnings ratio of -1.27 and a beta of 1.81. The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.04.

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.