Maritime Resources (CVE:MAE) Reaches New 12-Month High – Still a Buy?

Maritime Resources Corp. (CVE:MAE)’s share price reached a new 52-week high on Monday . The stock traded as high as C$0.08 and last traded at C$0.08, with a volume of 484164 shares traded. The stock had previously closed at C$0.08.

Maritime Resources Price Performance

The company has a market cap of C$62.33 million, a PE ratio of -3.75 and a beta of 1.38. The stock has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.05. The company has a quick ratio of 7.08, a current ratio of 1.83 and a debt-to-equity ratio of 16.11.

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.