Mammoth Resources (CVE:MTH) Trading Down 14.3%

Mammoth Resources Corp (CVE:MTH)’s stock price fell 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, 7,000 shares were traded during mid-day trading. A decline of 70% from the average session volume of 23,061 shares. The stock had previously closed at C$0.04.

The firm has a market capitalization of $1.14 million and a price-to-earnings ratio of -15.00. The company has a current ratio of 0.06, a quick ratio of 0.02 and a debt-to-equity ratio of 13.61. The firm has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

About Mammoth Resources (CVE:MTH)

Mammoth Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mining properties in Mexico and other jurisdictions in the Americas. It holds 66 2/3% interest in the Tenoriba property consisting of 3 concessions, including Mapy 1, Mapy 2, and Fernanda covering an area of approximately 8,100 hectares of land located in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico.

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