Maritime Resources (CVE:MAE) Trading 20.4% Higher - Should You Buy?

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s stock price rose 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 were traded 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 Price Performance

The firm has a market cap of C$1.08 billion, a PE ratio of -65.00 and a beta of 1.38. 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 business's 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.11.

Insider Buying and Selling at Maritime Resources

In other 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. 43.96% of the stock is owned by insiders.

Maritime Resources Company Profile

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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