Maritime Resources (CVE:MAE) Shares Down 9.1%

Maritime Resources Corp. (CVE:MAE)’s share price dropped 9.1% during mid-day trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 574,600 shares were traded during mid-day trading, an increase of 135% from the average daily volume of 244,487 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The firm’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.38 and a quick ratio of 7.08. The firm has a market capitalization of C$32.76 million, a P/E ratio of -9.00 and a beta of 1.46.

Maritime Resources Company Profile

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. It primarily explores for gold, silver, copper, lead, and zinc deposits. The company 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.