Mason Resources (CVE:LLG) Stock Price Up 30.8% – Here’s Why

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

Mason Resources Price Performance

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 firm has a market capitalization of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77. The business has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.07.

Mason Resources (CVE:LLG) last released its quarterly earnings results on Monday, October 28th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast 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.