Maritime Resources (CVE:MAE) Trading Down 0.4% - Time to Sell?

Key Points

• Maritime Resources Corp. shares fell 0.4% during mid-day trading, closing at C$2.52, with a trading volume increase of 35% compared to the average session.
• The company has a market cap of C$312.56 million and its stock features a P/E ratio of -55.08.
• Maritime Resources is engaged in the exploration and development of mineral properties, primarily focusing on gold, silver, copper, lead, and zinc deposits.

Maritime Resources Corp. (CVE:MAE - )'s share price fell 0.4% during mid-day trading on Monday . The company traded as low as C$2.46 and last traded at C$2.52. 174,398 shares were traded during mid-day trading, an increase of 35% from the average session volume of 129,298 shares. The stock had previously closed at C$2.53.

Maritime Resources Stock Performance

The stock's 50-day moving average price is C$1.99 and its 200-day moving average price is C$1.08. The company has a market cap of C$312.56 million, a P/E ratio of -55.08 and a beta of 1.31. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

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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