Maritime Resources (CVE:MAE) Trading Up 20.4% – Should You Buy?

Maritime Resources Corp. (CVE:MAE) shares were up 20.4% during trading on Thursday . The stock traded as high as C$1.34 and last traded at C$1.30. Approximately 367,257 shares were traded during mid-day trading, an increase of 589% from the average daily volume of 53,288 shares. The stock had previously closed at C$1.08.

Maritime Resources Trading Down 0.7%

The stock has a market capitalization of C$1.12 billion, a P/E ratio of -67.50 and a beta of 1.38. 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 company has a 50-day moving average price of C$0.22 and a 200 day moving average price of C$0.12.

Insider Transactions at Maritime Resources

In other news, Director Garett Macdonald sold 500,000 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$0.11, for a total value of C$55,000.00. Corporate insiders own 43.96% of the company’s stock.

About Maritime Resources

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.