Maritime Resources (CVE:MAE) Reaches New 52-Week High – Here’s What Happened

Maritime Resources Corp. (CVE:MAE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.08, with a volume of 168837 shares changing hands. The stock had previously closed at C$0.08.

Maritime Resources Price Performance

The company’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.06. The stock has a market cap of C$62.33 million, a P/E ratio of -3.75 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.

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.