Maritime Resources (CVE:MAE) Reaches New 1-Year Low at $0.05

Maritime Resources Corp. (CVE:MAEGet Rating)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 123673 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$0.20 price objective on Maritime Resources and gave the stock a “speculative buy” rating in a research note on Tuesday, May 10th.

Maritime Resources Stock Performance

The stock has a 50 day simple moving average of C$0.06 and a 200 day simple moving average of C$0.10. The company has a current ratio of 3.57, a quick ratio of 3.53 and a debt-to-equity ratio of 1.30. The stock has a market cap of C$20.01 million and a P/E ratio of -10.00.

Maritime Resources Company Profile

(Get Rating)

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. It primarily explores for gold, silver, copper, lead, and zinc deposits. The company holds 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; Green Bay project, as well as Whisker Valley project situated in Newfoundland and Labrador; and Orion deposit located to the east of Hammerdown.

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