Mason Resources (CVE:LLG) Trading Up 46.2% – Still a Buy?

Mason Resources Inc. (CVE:LLG) shot up 46.2% during trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.10. 915,197 shares were traded during mid-day trading, an increase of 533% from the average session volume of 144,624 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The company’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.07. The stock has a market capitalization of C$11.30 million, a PE ratio of -8.00 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:LLG) last issued its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. On average, equities research analysts expect that Mason Resources Inc. will post 0.11 earnings per share for the current fiscal 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.