Maritime Resources (CVE:MAE) Hits New 1-Year Low at $0.06

Maritime Resources Corp. (CVE:MAE – Get Rating) reached a new 52-week low during trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 70000 shares traded. The stock had previously closed at C$0.07.

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

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 business’s fifty day moving average is C$0.08 and its 200 day moving average is C$0.11. The firm has a market capitalization of C$24.02 million and a P/E ratio of -12.00.

About Maritime Resources (CVE:MAE)

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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