Maritime Resources (CVE:MAE) Trading Up 14.3% – Time to Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price was up 14.3% on Friday . The stock traded as high as C$0.13 and last traded at C$0.12. Approximately 1,623,850 shares traded hands during mid-day trading, an increase of 206% from the average daily volume of 530,627 shares. The stock had previously closed at C$0.11.

Maritime Resources Stock Up 9.5 %

The firm has a market capitalization of C$95.57 million, a price-to-earnings ratio of -5.75 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The stock has a fifty day moving average of C$0.09 and a two-hundred day moving average of C$0.07.

Maritime Resources Company Profile

(Get Free Report)

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It also holds 100% interests in the Lac Pelletier project that consists of 16 mineral claims and 1 mining lease covering an area of 443 hectares located in Rouyn Noranda, Quebec; and Wright Property located in Temiscaming, Canada.

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