Macarthur Minerals (CVE:MMS) Trading 42.9% Higher – Still a Buy?

Macarthur Minerals Limited (CVE:MMS) shares were up 42.9% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 212,000 shares were traded 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 Price Performance

The stock has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. 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 company has a market capitalization of C$11.15 million, a PE ratio of -2.11 and a beta of 1.81.

Macarthur Minerals Company Profile

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.