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Maritime Resources (CVE:MAE) Shares Up 7.7% - Time to Buy?

Maritime Resources logo with Basic Materials background

Maritime Resources Corp. (CVE:MAE - Get Free Report) traded up 7.7% during trading on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. 748,363 shares traded hands during trading, an increase of 141% from the average session volume of 310,259 shares. The stock had previously closed at C$0.07.

Maritime Resources Stock Performance

The stock has a market capitalization of C$58.17 million, a P/E ratio of -3.50 and a beta of 1.38. The company has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

Maritime Resources Company Profile

(Get Free Report)

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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