Macarthur Minerals Limited (CVE:MMS – Get Free Report)’s share price shot up 42.9% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 212,000 shares changed hands 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 Price Performance
The stock has a market capitalization of C$11.15 million, a price-to-earnings ratio of -2.11 and a beta of 1.81. The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59.
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.
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