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Maritime Resources (CVE:MAE) Reaches New 12-Month High - Time to Buy?


Maritime Resources (CVE:MAE) Reaches New 12-Month High  - Time to Buy?

Maritime Resources Corp. (CVE:MAE - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$0.08 and last traded at C$0.08, with a volume of 145149 shares changing hands. The stock had previously closed at C$0.08.

The stock has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.06. The company has a market capitalization of C$66.48 million, a PE ratio of -4.00 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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