Mason Resources (CVE:LLG) Shares Up 38.5% – Here’s What Happened

Mason Resources Inc. (CVE:LLG) rose 38.5% during mid-day trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.09. Approximately 961,197 shares were traded during mid-day trading, an increase of 538% from the average daily volume of 150,695 shares. The stock had previously closed at C$0.07.

Mason Resources Trading Up 23.1 %

The firm has a market cap of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77. The company’s 50 day simple moving average is C$0.06 and its 200-day simple moving average is C$0.07. The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33.

Mason Resources (CVE:LLG) last issued its earnings results on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. As a group, research analysts predict that Mason Resources Inc. will post 0.11 earnings per share for the current fiscal year.

About Mason Resources

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.