Macarthur Minerals (CVE:MMS) Shares Up 42.9% – Here’s What Happened

Macarthur Minerals Limited (CVE:MMS)’s stock price was up 42.9% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 212,000 shares traded hands 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 Trading Up 42.9 %

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

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.