Macarthur Minerals (CVE:MMS) Reaches New 52-Week Low – Time to Sell?

Macarthur Minerals Limited (CVE:MMS)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 15000 shares trading hands. The stock had previously closed at C$0.06.

Macarthur Minerals Price Performance

The firm has a market cap of C$9.98 million, a price-to-earnings ratio of -1.67 and a beta of 1.81. The company has a current ratio of 0.21, a quick ratio of 5.59 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average price is C$0.06 and its 200-day moving average price is C$0.06.

Macarthur Minerals (CVE:MMS) last posted its earnings results on Wednesday, August 14th. The company reported C($0.01) EPS for the quarter.

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.