Maritime Resources Corp. (CVE:MAE - Get Free Report) shares traded up 20.4% during trading on Thursday . The company 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 Down 0.7%
The stock 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 current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The business's fifty day simple moving average is C$0.22 and its 200 day simple moving average is C$0.12.
Insider Activity
In related news, Director Garett Macdonald sold 500,000 shares of the company's stock in a transaction 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. 43.96% of the stock is owned by company insiders.
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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