Maritime Resources (CVE:MAE) Stock Price Up 12% - Should You Buy?

Key Points

• Maritime Resources Corp. (CVE:MAE) shares surged 12% to C$2.43, significantly increasing trading volume by 44% compared to the average daily volume.
• The company's market capitalization stands at C$300.61 million, with a negative P/E ratio of -53.33 and a debt-to-equity ratio of 16.11.
• Maritime Resources is focused on exploring and developing mineral properties, primarily for gold, silver, copper, lead, and zinc, holding full rights to the Lac Pelletier project in Quebec.

Maritime Resources Corp. (CVE:MAE - ) shares rose 12% on Friday . The stock traded as high as C$2.43 and last traded at C$2.43. Approximately 176,118 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 121,894 shares. The stock had previously closed at C$2.17.

Maritime Resources Trading Up 12.4%

The company's fifty day moving average price is C$1.55 and its two-hundred day moving average price is C$0.78. 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 firm has a market cap of C$300.61 million, a P/E ratio of -53.33 and a beta of 0.73.

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.

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