Macarthur Minerals (CVE:MMS) Trading Up 42.9% – What’s Next?

Macarthur Minerals Limited (CVE:MMS) was up 42.9% during mid-day trading on Thursday . The company 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 Stock Up 42.9 %

The business’s fifty 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 cap of C$11.15 million, a PE ratio of -2.11 and a beta of 1.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59.

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.