Maritime Resources (CVE:MAE) Trading Down 9.5%

Maritime Resources Corp (CVE:MAE)’s stock price was down 9.5% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 56,000 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 121,841 shares. The stock had previously closed at C$0.11.

The firm has a market capitalization of $17.92 million and a P/E ratio of -3.28. The company’s 50-day moving average price is C$0.09. The company has a quick ratio of 2.45, a current ratio of 2.47 and a debt-to-equity ratio of 0.97.

About Maritime Resources (CVE:MAE)

Maritime Resources Corp. engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold and base metal deposits. It holds 100% interests in the Green Bay property covering 51.7 square kilometers located in Newfoundland and Labrador, Canada. The company was incorporated in 2007 and is headquartered in Vancouver, Canada.

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