Mammoth Resources (CVE:MTH) PT Set at C$0.16 by Fundamental Research

Mammoth Resources (CVE:MTH) has been assigned a C$0.16 price objective by Fundamental Research in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Mammoth Resources Stock Up 33.3 %

Shares of Mammoth Resources stock traded up C$0.01 on Friday, reaching C$0.02. The stock had a trading volume of 80,000 shares, compared to its average volume of 64,817. The company has a 50 day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The company has a quick ratio of 5.53, a current ratio of 1.67 and a debt-to-equity ratio of 0.14. Mammoth Resources has a 1 year low of C$0.01 and a 1 year high of C$0.03. The stock has a market capitalization of C$1.35 million, a P/E ratio of -4.38 and a beta of 1.96.

Mammoth Resources Company Profile

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.