Maritime Resources Corp. (CVE:MAE – Get Free Report)’s stock price dropped 11.1% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 136,000 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 239,278 shares. The stock had previously closed at C$0.05.
Maritime Resources Price Performance
The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price 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 company has a market capitalization of C$37.40 million, a P/E ratio of -2.25 and a beta of 1.37.
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.
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