Macarthur Minerals (MMS) Shares Up 11.1%
Macarthur Minerals Limited (CVE:MMS) shot up 11.1% on Wednesday . The company traded as high as C$0.06 and last traded at C$0.05. 733,111 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 517,728 shares. The stock had previously closed at C$0.05.
The firm has a market capitalization of $15.25 million and a price-to-earnings ratio of -3.93.
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Macarthur Minerals Limited engages in the exploration and evaluation mineral resource properties in Australia and Nevada. It primarily explores for gold, lithium, iron ore, nickel, and cobalt deposits. The company holds 100% interests in three iron ore projects in the Yilgarn region of Western Australia; various project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, and hard rock lithium; and lithium brine interests in the Railroad Valley, Nevada.
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