Maritime Resources Corp. (CVE:MAE - Get Free Report) shares shot up 20.4% on Wednesday . The stock traded as high as C$1.34 and last traded at C$1.30. 367,257 shares were traded during 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 company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of -65.00 and a beta of 1.38. The stock's fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.10.
Insider Activity
In related news, Director Garett Macdonald sold 500,000 shares of the business's stock in a transaction on 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.
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.
See Also
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