Mason Resources (CVE:LLG) Stock Price Down 16.7% – Here’s Why

Mason Resources Inc. (CVE:LLG) was down 16.7% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 225,776 shares changed hands during trading, an increase of 221% from the average daily volume of 70,273 shares. The stock had previously closed at C$0.06.

Mason Resources Trading Down 16.7 %

The business’s 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.09. The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33. The firm has a market capitalization of C$7.06 million, a P/E ratio of -6.00 and a beta of 1.77.

Mason Resources (CVE:LLG) last issued its quarterly earnings results on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. Analysts expect that Mason Resources Inc. will post 0.11 EPS for the current year.

About Mason Resources

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.