Maritime Resources (CVE:MAE) Shares Down 16.7% – Here’s Why

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price was down 16.7% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 141,976 shares were traded during trading, a decline of 39% from the average daily volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The stock has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.05. The stock has a market capitalization of C$41.55 million, a P/E ratio of -2.50 and a beta of 1.38. The company has a debt-to-equity ratio of 16.11, a quick ratio of 7.08 and a current ratio of 1.83.

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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