Mason Resources (CVE:LLG) Shares Up 38.5% – What’s Next?

Mason Resources Inc. (CVE:LLG)’s share price was up 38.5% during trading on Friday . The company traded as high as C$0.11 and last traded at C$0.09. 961,197 shares were traded during trading, an increase of 538% from the average session volume of 150,695 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33. The stock has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07. The stock has a market capitalization of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77.

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

Mason Resources Company Profile

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.