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Maritime Resources (CVE:MAE) Stock Price Up 13.3% - Here's Why

Maritime Resources logo with Basic Materials background

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price rose 13.3% during trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 1,429,112 shares traded hands during mid-day trading, an increase of 183% from the average daily volume of 505,700 shares. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

The firm has a market cap of C$62.33 million, a PE ratio of -3.75 and a beta of 1.38. The business has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11.

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.

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