Maritime Resources (CVE:MAE) Sets New 1-Year High – Here’s Why

Maritime Resources Corp. (CVE:MAEGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 253099 shares. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

The company has a market capitalization of C$62.33 million, a price-to-earnings ratio of -3.75 and a beta of 1.38. The stock has a fifty day moving average price of C$0.07 and a two-hundred 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.

About Maritime Resources

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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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