Maritime Resources (CVE:MAE) Trading Down 7.3% - Should You Sell?

Maritime Resources Corp. (CVE:MAE - Get Free Report) shares fell 7.3% during mid-day trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. 122,190 shares were traded during mid-day trading, a decline of 76% from the average session volume of 514,729 shares. The stock had previously closed at C$0.11.

Maritime Resources Price Performance

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 company'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 P/E ratio of -5.25 and a beta of 1.38.

Insider Buying and Selling

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