Maritime Resources (CVE:MAE) Sets New 1-Year High – Still a Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 227266 shares trading hands. The stock had previously closed at C$0.08.

Maritime Resources Stock Performance

The company has a 50 day moving average price of C$0.08 and a 200 day moving average price of C$0.06. 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 firm has a market cap of C$66.48 million, a price-to-earnings ratio of -4.00 and a beta of 1.38.

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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