Mason Resources (CVE:LLG) Stock Price Up 38.5% – Here’s Why

Mason Resources Inc. (CVE:LLG) traded up 38.5% on Friday . The company traded as high as C$0.11 and last traded at C$0.09. 961,197 shares traded 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 Up 23.1 %

The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33. The business has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The company has a market cap of C$11.30 million, a PE ratio of -8.00 and a beta of 1.77.

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. Equities research analysts anticipate that Mason Resources Inc. will post 0.11 EPS for the current 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.