Maritime Resources (CVE:MAE) Shares Down 16.7% – Here’s Why

Maritime Resources Corp. (CVE:MAE) fell 16.7% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. 141,976 shares were traded 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 Stock Down 16.7 %

The stock has a market cap of C$41.55 million, a PE ratio of -2.50 and a beta of 1.38. The business has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.05. 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.