Canaccord Genuity Group Reiterates “C$0.20” Price Target for Maritime Resources (CVE:MAE)

Canaccord Genuity Group set a C$0.20 price target on Maritime Resources (CVE:MAE – Get Rating) in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a speculative buy rating on the stock.

Maritime Resources stock opened at C$0.08 on Tuesday. The firm has a market capitalization of C$30.02 million and a P/E ratio of -18.75. The company’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.12. Maritime Resources has a 1-year low of C$0.07 and a 1-year high of C$0.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.22 and a quick ratio of 4.16.

About Maritime Resources (Get Rating)

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It holds a 100% interest in the Green Bay property covering an area of 98 square kilometers located to the southwest of the town of King's Point and to the northwest of the town of Springdale in Newfoundland and Labrador, Canada.

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