Macarthur Minerals (CVE:MMS) Shares Down 14.3% – Here’s Why

Shares of Macarthur Minerals Limited (CVE:MMS) traded down 14.3% on Saturday . The stock traded as low as C$0.03 and last traded at C$0.03. 144,000 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 106,896 shares. The stock had previously closed at C$0.04.

Macarthur Minerals Stock Down 14.3 %

The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.05. 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 capitalization of C$6.69 million, a P/E ratio of -1.27 and a beta of 1.81.

About Macarthur Minerals

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.