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

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.12 and last traded at C$0.11, with a volume of 24090 shares. The stock had previously closed at C$0.11.

Maritime Resources Trading Down 4.5%

The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The business's 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.08. The firm has a market capitalization of C$87.26 million, a price-to-earnings ratio of -5.25 and a beta of 1.38.

Insider Transactions at Maritime Resources

In other news, Director Garett Macdonald sold 500,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$0.11, for a total value of C$55,000.00. Company insiders own 43.96% of the company's stock.

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.