Macarthur Minerals (CVE:MMS) Trading 42.9% Higher – Here’s Why

Macarthur Minerals Limited (CVE:MMS)’s stock price shot up 42.9% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. 212,000 shares were traded during mid-day trading, an increase of 112% from the average session volume of 100,072 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Up 42.9 %

The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.59 and a current ratio of 0.60. The stock has a market cap of C$11.15 million, a price-to-earnings ratio of -2.11 and a beta of 1.81. The business’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.05.

About Macarthur Minerals

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.