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 Maritime Resources stock in a transaction dated 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 Stock Performance

MAE stock traded up C$0.01 on Wednesday, reaching C$0.11. 704,427 shares of the company were exchanged, compared to its average volume of 531,144. The firm has a market capitalization of C$91.41 million, a PE ratio of -5.50 and a beta of 1.38. Maritime Resources Corp. has a 12 month low of C$0.04 and a 12 month high of C$0.13. The stock's fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.08. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

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.