Maritime Resources (CVE:MAE) Shares Up 7.7% – Here’s Why

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price rose 7.7% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 748,732 shares were traded during trading, an increase of 147% from the average daily volume of 303,553 shares. The stock had previously closed at C$0.07.

Maritime Resources Stock Up 7.7 %

The company has a market capitalization of C$58.17 million, a PE ratio of -3.50 and a beta of 1.38. The stock’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11.

About Maritime Resources

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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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