Mason Resources (CVE:LLG) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mason Resources Inc. (CVE:LLG)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.07 and traded as high as C$0.07. Mason Resources shares last traded at C$0.07, with a volume of 203,000 shares trading hands.

Mason Resources Price Performance

The business’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07. The stock has a market cap of C$9.18 million, a price-to-earnings ratio of -6.50 and a beta of 1.77. 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 released its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. Research analysts expect 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.