Maritime Resources Corp. (CVE:MAE) Director Sells C$1,598,000.00 in Stock

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 on 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 Stock Up 0.9%

Shares of CVE MAE traded up C$0.01 during mid-day trading on Friday, reaching C$1.16. The company had a trading volume of 21,960 shares, compared to its average volume of 55,300. Maritime Resources Corp. has a twelve month low of C$0.35 and a twelve 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 market capitalization of C$963.97 million, a PE ratio of -58.00 and a beta of 1.38. The stock's 50 day moving average is C$0.52 and its 200-day moving average is C$0.23.

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.