Maritime Resources (CVE:MAE) Hits New 52-Week High - Still a Buy?

Key Points

• Maritime Resources Corp. shares reached a new 52-week high of C$2.88 during trading, closing at C$2.78 with a trading volume of 260,115 shares.
• The company's market capitalization stands at C$349.77 million, with a PE ratio of -61.64 and a quick ratio of 7.08.
• Maritime Resources is primarily focused on the exploration and development of mineral properties, particularly for gold, silver, copper, lead, and zinc.

Maritime Resources Corp. (CVE:MAE - ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$2.88 and last traded at C$2.78, with a volume of 260115 shares trading hands. The stock had previously closed at C$2.65.

Maritime Resources Trading Up 6.4%

The firm's 50-day simple moving average is C$1.87 and its 200-day simple moving average is C$1.01. 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$349.77 million, a PE ratio of -61.64 and a beta of 1.31.

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.

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