Mason Resources (CVE:LLG) Shares Down 16.7% – What’s Next?

Mason Resources Inc. (CVE:LLG) shares were down 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 225,776 shares traded hands during mid-day trading, an increase of 221% from the average daily volume of 70,273 shares. The stock had previously closed at C$0.06.

Mason Resources Stock Down 11.1 %

The firm has a market capitalization of C$5.65 million, a price-to-earnings ratio of -4.00 and a beta of 1.77. The business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.09. The company has a debt-to-equity ratio of 4.33, a quick ratio of 47.86 and a current ratio of 96.78.

Mason Resources (CVE:LLG) last issued its earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities analysts expect that Mason Resources Inc. will post 0.11 EPS for the current year.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.