Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price rose 1.7% during trading on Monday . The stock traded as high as C$1.25 and last traded at C$1.21. Approximately 75,192 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 55,578 shares. The stock had previously closed at C$1.19.
Maritime Resources Stock Performance
The firm has a fifty day simple moving average of C$0.57 and a 200 day simple moving average of C$0.25. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The stock has a market cap of C$972.28 million, a price-to-earnings ratio of -58.50 and a beta of 1.38.
Insider Buying and Selling
In other Maritime Resources news, Director Garett Macdonald sold 500,000 shares of the stock in a transaction 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. Also, Senior Officer Germaine Marleen Coombs sold 72,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$1.22, for a total transaction of C$87,480.00. Over the last 90 days, insiders have sold 622,000 shares of company stock worth $147,980. 43.96% of the stock is owned by corporate insiders.
About Maritime Resources
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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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