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

Mason Resources Inc. (CVE:LLG) 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 changed hands during mid-day 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 firm has a market cap of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77. The stock’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.07. The company has a debt-to-equity ratio of 4.33, a current ratio of 96.78 and a quick ratio of 47.86.

Mason Resources (CVE:LLG) last issued its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) earnings per share for the quarter. As a group, equities analysts predict 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.