Garett Macdonald Sells 500,000 Shares of Maritime Resources Corp. (CVE:MAE) Stock

Maritime Resources Corp. (CVE:MAE - Get Free Report) Director Garett Macdonald sold 500,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$0.11, for a total value of C$55,000.00.

Maritime Resources Price Performance

Shares of MAE stock remained flat at C$0.11 during trading hours on Tuesday. The stock had a trading volume of 432,681 shares, compared to its average volume of 529,411. Maritime Resources Corp. has a 52 week low of C$0.04 and a 52 week high of C$0.13. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The firm has a 50 day moving average of C$0.10 and a two-hundred day moving average of C$0.08. The company has a market capitalization of C$87.26 million, a P/E ratio of -5.25 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.