Mason Resources (CVE:LLG) Shares Down 16.7% – What’s Next?

Mason Resources Inc. (CVE:LLG)’s share price dropped 16.7% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 225,776 shares were traded during trading, an increase of 221% from the average daily volume of 70,273 shares. The stock had previously closed at C$0.06.

Mason Resources Stock Down 11.1 %

The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.09. The company has a market capitalization of C$5.65 million, a PE ratio of -4.00 and a beta of 1.77. The company has a current ratio of 96.78, a quick ratio of 47.86 and a debt-to-equity ratio of 4.33.

Mason Resources (CVE:LLG) last announced its earnings results on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. Equities research analysts anticipate that Mason Resources Inc. will post 0.11 EPS for the current year.

About Mason Resources

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.