Maritime Resources (CVE:MAE) Stock Price Up 20.4% - What's Next?

Maritime Resources Corp. (CVE:MAE - Get Free Report) shares were up 20.4% on Thursday . The stock traded as high as C$1.34 and last traded at C$1.30. Approximately 367,257 shares traded hands during trading, an increase of 589% from the average daily volume of 53,288 shares. The stock had previously closed at C$1.08.

Maritime Resources Trading Down 0.7%

The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of -67.50 and a beta of 1.38. The firm's 50 day moving average is C$0.22 and its two-hundred day moving average is C$0.12. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11.

Insider Buying and Selling

In other Maritime Resources news, Director Garett Macdonald sold 500,000 shares of the firm's 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 company insiders.

Maritime Resources Company Profile

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.