Shares of Maritime Resources Corp. (CVE:MAE - Get Free Report) traded up 10.2% during trading on Wednesday . The company traded as high as C$1.21 and last traded at C$1.19. 112,066 shares traded hands during trading, an increase of 120% from the average session volume of 50,976 shares. The stock had previously closed at C$1.08.
Maritime Resources Stock Up 20.4%
The company has a market capitalization of C$1.08 billion, a PE ratio of -65.00 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The stock's 50 day moving average is C$0.14 and its 200 day moving average is C$0.10.
Insiders Place Their Bets
In other Maritime Resources news, Director Garett Macdonald sold 500,000 shares of the 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.
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.
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