Maritime Resources Corp. (CVE:MAE - Get Free Report)'s stock price traded up 19.4% during mid-day trading on Wednesday . The stock traded as high as C$1.34 and last traded at C$1.29. 354,022 shares were traded during mid-day trading, an increase of 566% from the average session volume of 53,164 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 firm has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.10. The stock has a market cap of C$1.08 billion, a PE ratio of -65.00 and a beta of 1.38.
Insider Transactions at Maritime Resources
In related news, Director Garett Macdonald sold 500,000 shares of Maritime Resources stock in a transaction that occurred on Tuesday, May 20th. The shares were 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.
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