Macarthur Minerals (CVE:MMS) Stock Price Down 14.3% – Here’s Why

Shares of Macarthur Minerals Limited (CVE:MMS) dropped 14.3% on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 144,000 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 106,896 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Performance

The company has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89. The firm has a market cap of C$6.69 million, a PE ratio of -1.27 and a beta of 1.81.

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.