Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price shot up 20.4% during mid-day trading on Wednesday . The company traded as high as C$1.34 and last traded at C$1.30. 367,257 shares traded hands during mid-day trading, an increase of 589% from the average session volume of 53,288 shares. The stock had previously closed at C$1.08.
Maritime Resources Stock Down 0.7%
The business's 50 day moving average is C$0.22 and its 200-day moving average is C$0.12. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The company has a market cap of C$1.12 billion, a PE ratio of -67.50 and a beta of 1.38.
Insider Buying and Selling
In related news, Director Garett Macdonald sold 500,000 shares of Maritime Resources stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$0.11, for a total value of C$55,000.00. 43.96% of the stock is owned by insiders.
Maritime Resources Company Profile
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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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