Maritime Resources (CVE:MAE) Sets New 1-Year High - Here's Why

Key Points

• Maritime Resources Corp. shares hit a new 52-week high of C$2.20 during trading, reflecting a 3.8% increase from the previous close of C$2.11.
• The company has a market capitalization of C$269.81 million and a debt-to-equity ratio of 16.11, signaling its financial leverage status.
• Insider activity showed Senior Officer Germaine Marleen Coombs sold 72,000 shares at an average price of C$1.22, indicating notable insider movement in the company.

Maritime Resources Corp. (CVE:MAE - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$2.20 and last traded at C$2.20, with a volume of 193918 shares trading hands. The stock had previously closed at C$2.11.

Maritime Resources Price Performance

The firm has a market capitalization of C$271.04 million, a PE ratio of -48.09 and a beta of 0.73. The business has a 50-day moving average of C$1.50 and a 200 day moving average of C$0.75. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11.

About Maritime Resources

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.