Maritime Resources (CVE:MAE) Sets New 12-Month High – Here’s What Happened

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 403746 shares traded. The stock had previously closed at C$0.09.

Maritime Resources Stock Up 11.8 %

The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The company has a market capitalization of C$78.95 million, a price-to-earnings ratio of -4.75 and a beta of 1.38. The business has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.06.

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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