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

Maritime Resources logo with Basic Materials background

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07, with a volume of 565060 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The firm has a market capitalization of C$54.02 million, a P/E ratio of -3.25 and a beta of 1.38. The company has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.05. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

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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