Maritime Resources (CVE:MAE) Sets New 52-Week High – What’s Next?

Maritime Resources Corp. (CVE:MAEGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 792827 shares traded. The stock had previously closed at C$0.11.

Maritime Resources Stock Performance

The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11. The company’s fifty day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.08. The company has a market capitalization of C$91.41 million, a price-to-earnings ratio of -5.50 and a beta of 1.38.

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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