Mason Resources (CVE:LLG) Stock Price Up 38.5% – What’s Next?

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

Mason Resources Stock Performance

The stock has a market cap of C$12.72 million, a price-to-earnings ratio of -9.00 and a beta of 1.77. The company’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07. The company has a debt-to-equity ratio of 4.33, a current ratio of 96.78 and a quick ratio of 47.86.

Mason Resources (CVE:LLG) last posted its earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. On average, analysts forecast that Mason Resources Inc. will post 0.11 earnings per share for the current year.

Mason Resources Company Profile

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.