Maritime Resources (CVE:MAE) Trading Down 16.7% – Time to Sell?

Maritime Resources Corp. (CVE:MAE)’s stock price traded down 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 mid-day 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 Performance

The firm 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 debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83. The company has a market cap of C$41.55 million, a P/E ratio of -2.50 and a beta of 1.38.

About Maritime Resources

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.