Maritime Resources Corp. (CVE:MAE – Get Rating)’s share price hit a new 52-week low on Thursday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 114326 shares. The stock had previously closed at C$0.08.
Separately, Canaccord Genuity Group set a C$0.20 price target on shares of Maritime Resources and gave the stock a “speculative buy” rating in a research report on Tuesday, May 10th.
The business’s 50-day moving average is C$0.10 and its two-hundred day moving average is C$0.12. The company has a current ratio of 4.22, a quick ratio of 4.16 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of C$30.02 million and a PE ratio of -18.75.
Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It holds a 100% interest in the Green Bay property covering an area of 98 square kilometers located to the southwest of the town of King's Point and to the northwest of the town of Springdale in Newfoundland and Labrador, Canada.
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