Maritime Resources (CVE:MAE) Trading 13.3% Higher – Should You Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price was up 13.3% during mid-day trading on Friday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 1,429,112 shares changed hands 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 Price Performance

The stock has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.05. The stock has a market cap of C$66.48 million, a price-to-earnings 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.

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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