Mayur Resources (ASX:MRL) Trading Up 1.8%

Shares of Mayur Resources Ltd (ASX:MRL) were up 1.8% on Wednesday . The stock traded as high as A$0.56 ($0.40) and last traded at A$0.56 ($0.40), approximately 1,800 shares were traded during trading. A decline of 90% from the average daily volume of 17,203 shares. The stock had previously closed at A$0.55 ($0.39).

The company has a debt-to-equity ratio of 5.88, a quick ratio of 2.13 and a current ratio of 2.15. The stock has a market cap of $84.52 million and a P/E ratio of -20.00. The company has a 50 day simple moving average of A$0.54.

About Mayur Resources (ASX:MRL)

Mayur Resources Limited engages in acquiring, exploring, and developing mineral properties in Papua New Guinea (PNG) and neighboring countries. It develops industrial minerals, such as construction sands, magnetite sands, heavy mineral sands, and limestone, as well as gold and copper deposits. The company develops Orokolo Bay Industrial Sands project located along the southern coast of Papua New Guinea and the Port Moresby Lime Project.

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