Maritime Resources (CVE:MAE) Trading Down 8.3% – Here’s What Happened

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price traded down 8.3% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. 117,976 shares traded hands during trading, a decline of 49% from the average session volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The company has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.05. The company has a market cap of C$45.71 million, a price-to-earnings ratio of -2.75 and a beta of 1.38. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11.

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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