Macarthur Minerals (CVE:MMS) Hits New 12-Month Low – Here’s What Happened

Macarthur Minerals Limited (CVE:MMS) shares hit a new 52-week low on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 120000 shares trading hands. The stock had previously closed at C$0.05.

Macarthur Minerals Trading Down 11.1 %

The company’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$7.99 million, a price-to-earnings ratio of -1.33 and a beta of 1.81. The company has a quick ratio of 5.59, a current ratio of 0.21 and a debt-to-equity ratio of 1.28.

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.