Maritime Resources Corp. (CVE:MAE - Get Free Report) shares rose 15.7% on Wednesday . The company traded as high as C$1.26 and last traded at C$1.25. Approximately 204,067 shares traded hands during trading, an increase of 298% from the average daily volume of 51,330 shares. The stock had previously closed at C$1.08.
Maritime Resources Price Performance
The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The company has a market cap of C$1.13 billion, a P/E ratio of -68.00 and a beta of 1.38. The firm's fifty day moving average is C$0.17 and its two-hundred day moving average is C$0.11.
Insider Activity
In other Maritime Resources news, Director Garett Macdonald sold 500,000 shares of the company's stock in a transaction that occurred 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. Company insiders own 43.96% of the company's stock.
About Maritime Resources
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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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