Macarthur Minerals (CVE:MMS) Trading Up 42.9% – Time to Buy?

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

Macarthur Minerals Stock Up 42.9 %

The stock has a market capitalization of C$11.15 million, a P/E ratio of -2.11 and a beta of 1.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59. The stock has a fifty day moving average price of C$0.04 and a 200 day moving average price of 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.