Maritime Resources (CVE:MAE) Hits New 52-Week High - Time to Buy?

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 145149 shares changing hands. The stock had previously closed at C$0.08.

Maritime Resources Trading Down 6.3 %

The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The company has a market capitalization of C$62.33 million, a PE ratio of -3.75 and a beta of 1.38. The stock's fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06.

Maritime Resources Company Profile

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.