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

Maritime Resources Corp. (CVE:MAEGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07, with a volume of 565060 shares. The stock had previously closed at C$0.06.

Maritime Resources Trading Up 7.1 %

The business has a fifty day moving average price of C$0.06 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. 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.

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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