Maritime Resources (CVE:MAE) Shares Down 16.7% – Here’s Why

Shares of Maritime Resources Corp. (CVE:MAE) traded down 16.7% during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 141,976 shares were traded during trading, a decline of 39% from the average session volume of 230,954 shares. The stock had previously closed at C$0.06.

Maritime Resources Stock Performance

The stock has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of 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$41.55 million, a price-to-earnings 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.