Maritime Resources Corp. (OTCMKTS:MRTMF – Get Rating) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 30,300 shares, a decrease of 19.0% from the May 31st total of 37,400 shares. Based on an average daily volume of 107,300 shares, the short-interest ratio is presently 0.3 days.

Maritime Resources stock opened at $0.04 on Thursday. Maritime Resources has a 12 month low of $0.04 and a 12 month high of $0.16. The stock's 50 day simple moving average is $0.05 and its two-hundred day simple moving average is $0.08.

Separately, Canaccord Genuity Group started coverage on Maritime Resources in a research report on Tuesday, May 10th. They issued a "buy" rating on the stock.

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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