Mason Resources (CVE:LLG) Stock Price Up 38.5% – Still a Buy?

Mason Resources Inc. (CVE:LLGGet Free Report) traded up 38.5% on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. 593,501 shares traded hands during trading, an increase of 377% from the average session volume of 124,431 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The stock’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The company has a market capitalization of C$12.72 million, a PE ratio of -9.00 and a beta of 1.77. The company has a debt-to-equity ratio of 4.33, a quick ratio of 47.86 and a current ratio of 96.78.

Mason Resources (CVE:LLGGet Free Report) last posted its earnings results on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. As a group, research analysts expect that Mason Resources Inc. will post 0.11 earnings per share for the current fiscal year.

Mason Resources Company Profile

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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.

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