Maritime Resources (CVE:MAE) Shares Down 16.7% – What’s Next?

Maritime Resources Corp. (CVE:MAE)’s stock price was down 16.7% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 141,976 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Price Performance

The company’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. The company has a debt-to-equity ratio of 16.11, a current ratio of 1.83 and a quick ratio of 7.08. The stock has a market capitalization of C$41.55 million, a P/E ratio of -2.50 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.