Maritime Resources (CVE:MAE) Stock Price Up 13.3% – Still a Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report) shares were up 13.3% on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 1,429,112 shares were traded during mid-day trading, an increase of 183% from the average daily volume of 505,700 shares. The stock had previously closed at C$0.08.

Maritime Resources Trading Up 6.7 %

The company has a market capitalization of C$66.48 million, a P/E ratio of -4.00 and a beta of 1.38. 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 business’s 50-day moving average price is C$0.07 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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