Maritime Resources (CVE:MAE) Trading Down 9.1% – What’s Next?

Maritime Resources Corp. (CVE:MAE)’s stock price traded down 9.1% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 839,700 shares were traded during trading, an increase of 56% from the average session volume of 539,392 shares. The stock had previously closed at C$0.11.

Maritime Resources Trading Up 5.0%

The firm’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.08. 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$87.26 million, a price-to-earnings ratio of -5.25 and a beta of 1.38.

Maritime Resources Company Profile

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.