Macarthur Minerals (CVE:MMS) Trading Down 14.3% – Here’s Why

Macarthur Minerals Limited (CVE:MMS) shares traded down 14.3% during trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. 144,000 shares were traded during mid-day trading, an increase of 35% from the average session volume of 106,896 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Trading Down 14.3 %

The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The company has a market cap of C$6.69 million, a P/E ratio of -1.27 and a beta of 1.81. The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05.

Macarthur Minerals Company Profile

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.