Maritime Resources (CVE:MAE) Hits New 12-Month High - Here's Why

Maritime Resources Corp. (CVE:MAE - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.45 and last traded at C$1.28, with a volume of 48051 shares. The stock had previously closed at C$1.35.

Maritime Resources Trading Down 0.8%

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 company's fifty day moving average is C$0.24 and its 200-day moving average is C$0.13. The firm has a market capitalization of C$1.03 billion, a P/E ratio of -62.00 and a beta of 1.38.

Insider Buying and Selling

In other news, 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. 43.96% of the stock is owned by insiders.

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.