Maritime Resources (CVE:MAE) Trading Up 0.5% - Here's Why

Key Points

• Maritime Resources Corp. shares increased by 0.5% to C$2.04, with a market capitalization of C$251.33 million.
• The stock's trading volume declined by 49% compared to the average daily volume, with approximately 60,966 shares traded.
• Senior Officer Germaine Marleen Coombs sold 72,000 shares at C$1.22 each, totaling C$87,480, while corporate insiders hold 43.96% of the company's stock.

Maritime Resources Corp. (CVE:MAE - ) shares were up 0.5% during mid-day trading on Thursday . The stock traded as high as C$2.05 and last traded at C$2.04. Approximately 60,966 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 120,673 shares. The stock had previously closed at C$2.03.

Maritime Resources Trading Up 0.5%

The stock has a market capitalization of C$251.33 million, a price-to-earnings ratio of -44.59 and a beta of 0.73. The business has a fifty day simple moving average of C$1.46 and a 200 day simple moving average of C$0.71. 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 Activity

In other news, Senior Officer Germaine Marleen Coombs sold 72,000 shares of Maritime Resources 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. Corporate insiders own 43.96% of the company's stock.

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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