Mason Resources (CVE:LLG) Shares Up 38.5% – Here’s Why

Mason Resources Inc. (CVE:LLG)’s share price traded up 38.5% during trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. 593,501 shares changed hands during trading, an increase of 377% from the average session volume of 124,431 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The stock has a market cap of C$12.72 million, a P/E ratio of -9.00 and a beta of 1.77. The company has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.07. The company has a debt-to-equity ratio of 4.33, a current ratio of 96.78 and a quick ratio of 47.86.

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