Maritime Resources (CVE:MAE) Shares Up 7.7% – Should You Buy?

Maritime Resources Corp. (CVE:MAE)’s share price shot up 7.7% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. 748,363 shares changed hands during trading, an increase of 141% from the average session volume of 310,259 shares. The stock had previously closed at C$0.07.

Maritime Resources Stock Up 7.7 %

The stock’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The stock has a market cap of C$58.17 million, a P/E ratio of -3.50 and a beta of 1.38.

Maritime Resources Company Profile

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.