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Maritime Resources (CVE:MAE) Reaches New 52-Week High - Still a Buy?

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 Monday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 403746 shares. The stock had previously closed at C$0.09.

Maritime Resources Trading Down 10.5 %

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's 50-day moving average is C$0.08 and its 200 day moving average is C$0.06. The company has a market cap of C$70.64 million, a price-to-earnings ratio of -4.25 and a beta of 1.38.

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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