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

Macarthur Minerals Limited (CVE:MMSGet Free Report)’s share 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 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 firm’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 market cap 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 quick ratio of 5.59 and a current ratio of 0.60.

Macarthur Minerals Company Profile

(Get Free Report)

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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