Maritime Resources Corp. (CVE:MAE - Get Free Report) rose 20.4% on Thursday . The stock 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 daily volume of 53,288 shares. The stock had previously closed at C$1.08.
Maritime Resources Stock Up 4.6%
The stock has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of C$0.11. 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 company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.
Insider Activity
In related news, Director Garett Macdonald sold 500,000 shares of Maritime Resources stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$0.11, for a total transaction of C$55,000.00. 43.96% of the stock is currently owned by corporate 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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