Maritime Resources (CVE:MAE) Stock Price Up 0.5% - Time to Buy?

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 - Get Free Report)'s stock price was up 0.5% during trading on Thursday . The stock traded as high as C$2.05 and last traded at C$2.04. Approximately 60,966 shares changed hands during 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 Price Performance

The company has a 50 day moving average price of C$1.48 and a 200 day moving average price of C$0.73. The firm has a market cap of C$271.04 million, a PE ratio of -48.09 and a beta of 0.73. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11.

Insider Activity

In related news, Senior Officer Germaine Marleen Coombs sold 72,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of C$1.22, for a total transaction of C$87,480.00. 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.