Mason Resources (CVE:LLG) Trading Up 38.5% – Still a Buy?

Mason Resources Inc. (CVE:LLG) shares rose 38.5% during trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 593,501 shares traded hands during mid-day trading, an increase of 377% from the average daily volume of 124,431 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The company has a debt-to-equity ratio of 4.33, a quick ratio of 47.86 and a current ratio of 96.78. The stock has a market cap of C$12.72 million, a price-to-earnings ratio of -9.00 and a beta of 1.77. The stock’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07.

Mason Resources (CVE:LLG) last announced its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. Analysts forecast that Mason Resources Inc. will post 0.11 earnings per share for the current year.

About Mason Resources

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.