Macarthur Minerals (CVE:MMS) Stock Price Down 14.3% – Here’s Why

Macarthur Minerals Limited (CVE:MMS) shares dropped 14.3% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 144,000 shares traded hands during trading, an increase of 35% from the average daily volume of 106,896 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Performance

The company has a market cap of C$6.69 million, a P/E ratio of -1.27 and a beta of 1.81. The stock has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59.

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.