Maritime Resources (CVE:MAE) Hits New 12-Month High – Time to Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.06, with a volume of 589983 shares. The stock had previously closed at C$0.06.

Maritime Resources Stock Performance

The firm has a market capitalization of C$49.86 million, a price-to-earnings ratio of -3.00 and a beta of 1.38. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

Maritime Resources Company Profile

(Get Free Report)

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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