Maritime Resources (CVE:MAE) Stock Price Up 20.4% - Here's Why

Maritime Resources Corp. (CVE:MAE - Get Free Report) traded up 20.4% on Thursday . 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 Trading Down 0.7%

The company has a fifty day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.12. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The company has a market capitalization of C$1.12 billion, a P/E ratio of -67.50 and a beta of 1.38.

Insider Buying and Selling at Maritime Resources

In other news, Director Garett Macdonald sold 500,000 shares of Maritime Resources 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

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.