Mammoth Resources (CVE:MTH) Hits New 1-Year High – Should You Buy?

Mammoth Resources Corp. (CVE:MTH) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 10000 shares traded. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.16 price objective on shares of Mammoth Resources and gave the stock a “buy” rating in a research note on Friday, June 28th.

Mammoth Resources Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 5.53 and a current ratio of 0.02. The company has a market capitalization of C$2.02 million, a P/E ratio of -3.00 and a beta of 2.05. The firm’s fifty day moving average is C$0.02 and its 200 day moving average is C$0.02.

About Mammoth Resources

Mammoth Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mining properties in Mexico. It holds a 100% interest in the Tenoriba property consisting of four concessions, including Mapy, Mapy 2, Mapy 3, and Fernanda covering a land package of totalling 5,333 hectares located in the Sierra Madre precious metal belt in southwestern Chihuahua State, Mexico.