Mason Resources (CVE:LLG) Shares Up 38.5% – What’s Next?

Mason Resources Inc. (CVE:LLG)’s share price shot up 38.5% on Friday . The company traded as high as C$0.11 and last traded at C$0.09. 961,197 shares were traded during trading, an increase of 538% from the average session volume of 150,695 shares. The stock had previously closed at C$0.07.

Mason Resources Stock Performance

The stock has a market cap of C$11.30 million, a price-to-earnings 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. The stock’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07.

Mason Resources (CVE:LLG) last released its earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. Analysts forecast that Mason Resources Inc. will post 0.11 earnings per share 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.