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

Mason Resources Inc. (CVE:LLG) was up 38.5% during trading on Friday . The stock traded as high as C$0.11 and last traded at C$0.09. Approximately 961,197 shares changed hands during mid-day trading, an increase of 538% from the average daily volume of 150,695 shares. The stock had previously closed at C$0.07.

Mason Resources Price Performance

The company has a current ratio of 96.78, a quick ratio of 47.86 and a debt-to-equity ratio of 4.33. The stock has a market capitalization of C$11.30 million, a P/E ratio of -8.00 and a beta of 1.77. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07.

Mason Resources (CVE:LLG) last released its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. Sell-side analysts expect that Mason Resources Inc. will post 0.11 EPS for the current fiscal 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.