Mason Resources (CVE:LLG) Shares Up 15.4% – Here’s Why

Mason Resources Inc. (CVE:LLG) shot up 15.4% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 409,429 shares were traded during mid-day trading, an increase of 356% from the average session volume of 89,704 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Up 7.7 %

The company has a debt-to-equity ratio of 4.33, a quick ratio of 47.86 and a current ratio of 96.78. The company’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.08. The stock has a market capitalization of C$9.89 million, a P/E ratio of -7.00 and a beta of 1.77.

Mason Resources (CVE:LLG) last announced its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. As a group, equities analysts expect that Mason Resources Inc. will post 0.11 earnings per share for the current year.

About Mason Resources

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.