Shares of Maritime Resources Corp. (CVE:MAE - Get Free Report) shot up 20.4% on Thursday . The company traded as high as C$1.34 and last traded at C$1.30. 367,257 shares traded hands during mid-day 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 Price Performance
The stock has a market cap of C$1.13 billion, a price-to-earnings ratio of -68.00 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 company has a 50-day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.11.
Insider Activity
In related news, Director Garett Macdonald sold 500,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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
(
Get Free Report)
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.
Further Reading
Before you consider Maritime Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Maritime Resources wasn't on the list.
While Maritime Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
