Mason Resources (CVE:LLG) Trading 38.5% Higher – Still a Buy?

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

Mason Resources Stock Performance

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 has a market capitalization of C$11.30 million, a PE ratio of -8.00 and a beta of 1.77. The stock’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07.

Mason Resources (CVE:LLG) last released 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.