Maritime Resources Corp. (CVE:MAE - Get Free Report) shot up 20.4% on Thursday . The company traded as high as C$1.34 and last traded at C$1.30. 367,257 shares traded hands during mid-day 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 stock has a market cap of C$1.08 billion, a P/E ratio of -65.00 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. The business has a 50 day moving average price of C$0.17 and a two-hundred day moving average price of C$0.11.
Insider Transactions at Maritime Resources
In related news, Director Garett Macdonald sold 500,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$0.11, for a total value of C$55,000.00. Corporate insiders own 43.96% of the company's stock.
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.
Further Reading
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