Macarthur Minerals (CVE:MMS) Sets New 52-Week Low – Should You Sell?

Macarthur Minerals Limited (CVE:MMS)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 10000 shares. The stock had previously closed at C$0.06.

Macarthur Minerals Stock Down 9.1 %

The firm has a market cap of C$9.98 million, a price-to-earnings ratio of -1.67 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. The stock has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.06.

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.