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

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

Maritime Resources Price Performance

MAE remained flat at C$1.15 during trading on Thursday. The company had a trading volume of 39,768 shares, compared to its average volume of 55,555. The stock has a market cap of C$955.66 million, a PE ratio of -57.50 and a beta of 1.38. Maritime Resources Corp. has a 52-week low of C$0.35 and a 52-week 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 firm's fifty day moving average price is C$0.50 and its 200-day moving average price is C$0.23.

About Maritime Resources

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.