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Maritime Resources (CVE:MAE) Hits New 1-Year High - Here's What Happened

Maritime Resources logo with Basic Materials background

Maritime Resources Corp. (CVE:MAE - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 403951 shares changing hands. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

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 P/E ratio of -3.75 and a beta of 1.38. The firm's 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.05.

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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