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

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Maritime Resources Corp. (CVE:MAE - Get Free Report) shares hit 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 65160 shares trading hands. The stock had previously closed at C$0.08.

Maritime Resources Trading Up 6.7 %

The business's 50-day moving average price is C$0.07 and its 200 day moving average price is C$0.06. The company has a market cap of C$66.48 million, a P/E ratio of -4.00 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.

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