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 Up 3.5%

Shares of MAE stock traded up C$0.04 during mid-day trading on Friday, reaching C$1.19. The company's stock had a trading volume of 38,994 shares, compared to its average volume of 55,429. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The firm has a market capitalization of C$988.90 million, a PE ratio of -59.50 and a beta of 1.38. The company's 50 day simple moving average is C$0.54 and its 200-day simple moving average is C$0.24. Maritime Resources Corp. has a 12-month low of C$0.35 and a 12-month high of C$1.45.

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.