Maritime Resources (CVE:MAE) Sets New 52-Week High - Here's Why

Key Points

• Maritime Resources Corp. achieved a new 52-week high, trading at C$2.68 on Wednesday, with a significant volume of 145,328 shares exchanged.
• The company's market capitalization stands at C$328.95 million, with a debt-to-equity ratio of 16.11 and a PE ratio of -58.36.
• Maritime Resources focuses on exploring and developing mineral properties, particularly gold, silver, copper, lead, and zinc deposits in Quebec and Canada.

Maritime Resources Corp. (CVE:MAE - ) hit a new 52-week high on Wednesday . The company traded as high as C$2.68 and last traded at C$2.64, with a volume of 145328 shares traded. The stock had previously closed at C$2.50.

Maritime Resources Stock Up 6.8%

The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The stock has a market capitalization of C$328.95 million, a PE ratio of -58.36 and a beta of 1.31. The business has a 50 day moving average of C$1.74 and a two-hundred day moving average of C$0.92.

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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