Mason Resources (CVE:LLG) Trading Up 7.7% – Here’s Why

Mason Resources Inc. (CVE:LLG)’s share price traded up 7.7% on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 402,429 shares changed hands during trading, an increase of 349% from the average session volume of 89,683 shares. The stock had previously closed at C$0.07.

Mason Resources Price Performance

The company has a debt-to-equity ratio of 4.33, a current ratio of 96.78 and a quick ratio of 47.86. The firm has a market capitalization of C$9.89 million, a price-to-earnings ratio of -7.00 and a beta of 1.77. The business has a fifty day moving average price of C$0.06 and a two-hundred day moving average price of C$0.08.

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

Mason Resources Company Profile

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.