Shares of Macarthur Minerals Limited (CVE:MMS – Get Free Report) dropped 14.3% during mid-day trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 144,000 shares were traded during 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 business’s 50-day moving average price is C$0.04 and its 200-day moving average price is 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 stock has a market cap of C$6.69 million, a P/E 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.
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