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

Macarthur Minerals Limited (CVE:MMS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 45000 shares changing hands. The stock had previously closed at C$0.06.

Macarthur Minerals Trading Down 9.1 %

The business’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The stock has a market cap of C$9.98 million, a P/E ratio of -1.67 and a beta of 1.81. The company has a current ratio of 0.21, a quick ratio of 5.59 and a debt-to-equity ratio of 1.28.

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.