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

Maritime Resources Corp. (CVE:MAEGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08, with a volume of 1874030 shares. The stock had previously closed at C$0.07.

Maritime Resources Stock Performance

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 stock has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The firm has a market capitalization of C$66.48 million, a P/E ratio of -4.00 and a beta of 1.38.

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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