Shares of Maritime Resources Corp. (CVE:MAE - Get Free Report) were 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. Approximately 367,257 shares traded hands during mid-day trading, an increase of 589% from the average daily volume of 53,288 shares. The stock had previously closed at C$1.08.
Maritime Resources Trading Down 0.7%
The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of -67.50 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The firm's fifty day moving average is C$0.22 and its 200-day moving average is C$0.12.
Insider Buying and Selling at Maritime Resources
In other news, Director Garett Macdonald sold 500,000 shares of the company's 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. 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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