Maritime Resources (CVE:MAE) Stock Price Down 16.7% – Here’s What Happened

Maritime Resources Corp. (CVE:MAEGet Free Report)’s share price was down 16.7% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 141,976 shares were traded during trading, a decline of 39% from the average daily volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Stock Performance

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 capitalization of C$41.55 million, a price-to-earnings ratio of -2.50 and a beta of 1.38. The firm’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.05.

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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