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

Macarthur Minerals Limited (CVE:MMS) shares shot up 42.9% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 212,000 shares traded hands during trading, an increase of 112% from the average session volume of 100,072 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Performance

The company has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The stock has a market capitalization of C$11.15 million, a P/E ratio of -2.11 and a beta of 1.81. The company has a quick ratio of 5.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.89.

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.