Maritime Resources Corp. (CVE:MAE) Director Allen J. Palmiere Sells 47,000,000 Shares

Maritime Resources Corp. (CVE:MAE - Get Free Report) Director Allen J. Palmiere sold 47,000,000 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$0.03, for a total transaction of C$1,598,000.00.

Maritime Resources Trading Down 1.7%

Shares of CVE MAE traded down C$0.02 during midday trading on Wednesday, hitting C$1.15. 50,322 shares of the company traded hands, compared to its average volume of 55,676. Maritime Resources Corp. has a 12-month low of C$0.35 and a 12-month high of C$1.45. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The stock has a 50-day moving average price of C$0.50 and a 200 day moving average price of C$0.23. The firm has a market cap of C$955.66 million, a P/E ratio of -57.50 and a beta of 1.38.

Maritime Resources Company Profile

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.