Macarthur Minerals (CVE:MMS) Hits New 52-Week Low – Here’s Why

Macarthur Minerals Limited (CVE:MMS)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 120000 shares trading hands. The stock had previously closed at C$0.05.

Macarthur Minerals Stock Down 11.1 %

The business has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.05. The stock has a market cap of C$7.99 million, a PE ratio of -1.33 and a beta of 1.81. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.21 and a quick ratio of 5.59.

Macarthur Minerals Company Profile

Macarthur Minerals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral resource properties. It primarily explores for gold, lithium, iron ore, and nickel deposits. The company holds interests in three iron ore projects in the Yilgarn region of Western Australia; two exploration project areas in the Pilbara, Western Australia targeting iron ore; and lithium brine interests in the Railroad Valley, Nevada, the United States.