Maritime Resources (CVE:MAE) Reaches New 1-Year High - Should You Buy?

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

Maritime Resources Trading Down 1.6%

The firm has a fifty day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.15. The firm has a market capitalization of C$1.05 billion, a P/E ratio of -63.00 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

Insider Buying and Selling at Maritime Resources

In other news, Director Garett Macdonald sold 500,000 shares of the firm's stock in a transaction 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 corporate 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.