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

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08, with a volume of 497000 shares changing hands. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

The stock has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05. The company has a market capitalization of C$62.33 million, a PE ratio of -3.75 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.

Maritime Resources Company Profile

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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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