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

Shares of Macarthur Minerals Limited (CVE:MMS) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 250000 shares changing hands. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Down 12.5 %

The company has a current ratio of 0.60, a quick ratio of 5.59 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05. The stock has a market cap of C$7.81 million, a price-to-earnings ratio of -1.48 and a beta of 1.81.

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.