Maritime Resources Corp. (CVE:MAE - Get Free Report)'s stock price shot up 20.4% during mid-day trading on Thursday . The stock traded as high as C$1.34 and last traded at C$1.30. 367,257 shares were traded during trading, an increase of 589% from the average session volume of 53,288 shares. The stock had previously closed at C$1.08.
Maritime Resources Stock Performance
The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The business has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.11. The stock has a market cap of C$1.13 billion, a P/E ratio of -68.00 and a beta of 1.38.
Insider Buying and Selling at Maritime Resources
In other Maritime Resources news, Director Garett Macdonald sold 500,000 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$0.11, for a total transaction of C$55,000.00. 43.96% of the stock is currently owned by corporate insiders.
Maritime Resources Company Profile
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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.
Further Reading
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