Maritime Resources (CVE:MAE) Trading 4% Higher - Here's What Happened

Key Points

• Maritime Resources Corp. (CVE:MAE) saw a 4% increase in stock price, closing at C$1.30 after previously closing at C$1.25.
• The company has a market capitalization of C$1.08 billion and a notably high debt-to-equity ratio of 16.11.
• Insiders sold a total of 622,000 shares over the last 90 days, with 43.96% of the stock currently owned by company insiders.

Maritime Resources Corp. (CVE:MAE - ) traded up 4% on Tuesday . The stock traded as high as C$1.30 and last traded at C$1.30. 17,674 shares were traded during trading, a decline of 67% from the average session volume of 53,547 shares. The stock had previously closed at C$1.25.

Maritime Resources Price Performance

The firm has a fifty day moving average price of C$0.93 and a two-hundred day moving average price of C$0.38. The stock has a market capitalization of C$1.08 billion, a P/E ratio of -65.00 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.

Insider Buying and Selling at Maritime Resources

In other news, Director Garett Macdonald sold 500,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$0.11, for a total value of C$55,000.00. Also, Senior Officer Germaine Marleen Coombs sold 72,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$1.22, for a total value of C$87,480.00. Insiders sold a total of 622,000 shares of company stock valued at $147,980 over the last 90 days. 43.96% of the stock is currently owned by company insiders.

About Maritime Resources

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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