Maritime Resources (CVE:MAE) Trading Up 7.7% – Here’s Why

Maritime Resources Corp. (CVE:MAE) traded up 7.7% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 748,363 shares were traded during mid-day trading, an increase of 141% from the average session volume of 310,259 shares. The stock had previously closed at C$0.07.

Maritime Resources Stock Up 7.7 %

The company has a market capitalization of C$58.17 million, a P/E ratio of -3.50 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The stock’s fifty day moving average is C$0.06 and its 200 day moving average is C$0.05.

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.