Maritime Resources (CVE:MAE) Trading Down 16.7% – Should You Sell?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price fell 16.7% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 141,976 shares traded hands during trading, a decline of 39% from the average session volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The firm has a market cap of C$45.71 million, a price-to-earnings ratio of -2.75 and a beta of 1.38. The firm has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83.

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.

Further Reading

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