Maritime Resources (CVE:MAE) Stock Price Up 1.7% - Here's What Happened

Shares of Maritime Resources Corp. (CVE:MAE - Get Free Report) traded up 1.7% during mid-day trading on Monday . The stock traded as high as C$1.25 and last traded at C$1.21. 75,192 shares traded hands during trading, an increase of 35% from the average session volume of 55,578 shares. The stock had previously closed at C$1.19.

Maritime Resources Stock Performance

The firm has a fifty day moving average of C$0.63 and a 200-day moving average of C$0.27. The stock has a market capitalization of C$1.02 billion, a price-to-earnings ratio of -61.50 and a beta of 1.38. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11.

Insiders Place Their Bets

In other news, Senior Officer Germaine Marleen Coombs sold 72,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$1.22, for a total value of C$87,480.00. Also, Director Garett Macdonald sold 500,000 shares of the business's 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. Over the last three months, insiders sold 622,000 shares of company stock valued at $147,980. Insiders own 43.96% of the company's stock.

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.