Mammoth Resources (CVE:MTH) Shares Down 12.5%

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Mammoth Resources Corp (CVE:MTH) was down 12.5% on Monday . The company traded as low as C$0.04 and last traded at C$0.04, approximately 13,000 shares traded hands during trading. A decline of 42% from the average daily volume of 22,275 shares. The stock had previously closed at C$0.04.

The business has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.02 and a current ratio of 0.06. The stock has a market capitalization of $1.30 million and a price-to-earnings ratio of -17.50.

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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