Macarthur Minerals (CVE:MMS) Shares Up 42.9% – Here’s What Happened

Macarthur Minerals Limited (CVE:MMS) shares traded up 42.9% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 212,000 shares traded hands during mid-day trading, an increase of 130% from the average session volume of 91,995 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Up 42.9 %

The stock has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The firm has a market cap of C$11.15 million, a PE ratio of -2.11 and a beta of 1.81.

Macarthur Minerals Company Profile

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.