Maritime Resources (CVE:MAE) Stock Price Up 5.2% – What’s Next?

Maritime Resources Corp. (CVE:MAE) shares rose 5.2% on Wednesday . The stock traded as high as C$2.26 and last traded at C$2.24. Approximately 459,522 shares traded hands during trading, an increase of 249% from the average daily volume of 131,580 shares. The stock had previously closed at C$2.13.

Maritime Resources Trading Up 5.2%

The company has a market cap of C$277.83 million, a P/E ratio of -48.96 and a beta of 1.46. The stock’s 50-day moving average is C$2.29 and its two-hundred day moving average is C$1.54. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08.

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.