Maritime Resources (OTCMKTS:MRTMF) Shares Up 8.3% – Still a Buy?

Maritime Resources Corp. (OTCMKTS:MRTMFGet Free Report) shot up 8.3% during mid-day trading on Thursday . The company traded as high as $1.62 and last traded at $1.57. 5,800 shares were traded during trading, a decline of 60% from the average session volume of 14,555 shares. The stock had previously closed at $1.45.

Maritime Resources Price Performance

The firm’s 50-day simple moving average is $1.58 and its 200 day simple moving average is $1.17.

About Maritime Resources

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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 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.

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