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 dated 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 Trading Down 1.7%

MAE traded down C$0.02 during trading hours on Wednesday, reaching C$1.15. The company's stock had a trading volume of 49,553 shares, compared to its average volume of 55,670. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The business's 50-day moving average is C$0.48 and its 200-day moving average is C$0.22. Maritime Resources Corp. has a fifty-two week low of C$0.35 and a fifty-two week high of C$1.45. The stock has a market cap of C$955.66 million, a PE ratio of -57.50 and a beta of 1.38.

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.

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