Mason Resources (CVE:LLG) Shares Up 46.2% – Time to Buy?

Mason Resources Inc. (CVE:LLG)’s stock price shot up 46.2% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.10. 915,197 shares changed hands during trading, an increase of 533% from the average session volume of 144,624 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Up 38.5 %

The company has a current ratio of 96.78, a quick ratio of 47.86 and a debt-to-equity ratio of 4.33. The firm’s 50 day simple moving average is C$0.06 and its 200-day simple moving average is C$0.07. The stock has a market capitalization of C$12.72 million, a price-to-earnings ratio of -9.00 and a beta of 1.77.

Mason Resources (CVE:LLG) last posted its earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Equities analysts expect 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.