Macarthur Minerals (CVE:MMS) Trading Down 14.3% – What’s Next?

Macarthur Minerals Limited (CVE:MMS)’s stock price was down 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 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 Price Performance

The stock has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The firm has a market capitalization of C$6.69 million, a PE ratio of -1.27 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.

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.