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Maritime Resources (CVE:MAE) Reaches New 12-Month High - Still a Buy?

Maritime Resources logo with Basic Materials background

Maritime Resources Corp. (CVE:MAE - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11, with a volume of 1002352 shares. The stock had previously closed at C$0.11.

Maritime Resources Price Performance

The business has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.07. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The company has a market cap of C$95.57 million, a price-to-earnings ratio of -5.75 and a beta of 1.38.

Maritime Resources Company Profile

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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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