Shares of Macarthur Minerals Limited (CVE:MMS – Get Free Report) rose 42.9% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 212,000 shares changed hands during mid-day trading, an increase of 130% from the average daily volume of 91,995 shares. The stock had previously closed at C$0.04.
Macarthur Minerals Stock Performance
The company has a current ratio of 0.60, a quick ratio of 5.59 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The company has a market capitalization of C$11.15 million, a price-to-earnings ratio of -2.11 and a beta of 1.81.
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.
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