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

Macarthur Minerals Limited (CVE:MMS)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 380000 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Performance

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.60 and a quick ratio of 5.59. The company has a market cap of C$6.69 million, a PE ratio of -1.27 and a beta of 1.81. The business has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05.

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.