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Maritime Resources (CVE:MAE) Sets New 12-Month High - Here's Why

Maritime Resources logo with Basic Materials background
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Shares of Maritime Resources Corp. (CVE:MAE - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$0.09 and last traded at C$0.08, with a volume of 168837 shares. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.06. The company has a market cap of C$62.33 million, a P/E ratio of -3.75 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83.

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.

Further Reading

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