Mason Resources (CVE:LLG) Shares Up 30.8% – Should You Buy?

Mason Resources Inc. (CVE:LLG) shot up 30.8% on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 277,900 shares changed hands during trading, an increase of 213% from the average session volume of 88,753 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Up 23.1 %

The firm has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The company has a market capitalization of C$11.30 million, a PE ratio of -8.00 and a beta of 1.77. The company has a debt-to-equity ratio of 4.33, a quick ratio of 47.86 and a current ratio of 96.78.

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

Mason Resources Company Profile

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.