Maritime Resources (CVE:MAE) Sets New 52-Week High – Should You Buy?

Maritime Resources Corp. (CVE:MAEGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 403746 shares changing hands. The stock had previously closed at C$0.09.

Maritime Resources Stock Performance

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 firm has a market capitalization of C$78.95 million, a PE ratio of -4.75 and a beta of 1.38. The firm’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.06.

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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