Maritime Resources (TSXV:MAE) - Stock Price, News & Analysis

MAE Stock Overview

An exploration stage company, engages in the exploration and development of mineral properties. More details

MAE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 23.9% per year over past 5 years

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue (CA$0)

Does not have a meaningful market cap (CA$46M)

+ 1 more risk

Maritime Resources Corp. Competitors

Mangazeya Mining

TSXV:MGZ.H

CA$45.1m

RTG Mining

TSX:RTG

CA$33.9m

Awalé Resources

TSXV:ARIC

CA$42.5m

Bedford Metals

TSXV:BFM

CA$42.0m

Price History & Performance

Summary of all time highs, changes and price drops for Maritime Resources
Historical stock prices
Current Share Price	CA$0.06
52 Week High	CA$0.065
52 Week Low	CA$0.035
Beta	1.38
11 Month Change	0%
3 Month Change	50.00%
1 Year Change	33.33%
33 Year Change	-53.85%
5 Year Change	-25.00%
Change since IPO	-66.67%

Recent updates

Is Maritime Resources (CVE:MAE) Using Too Much Debt?

Jun 11

An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued

Mar 03

Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?

Apr 12

Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?

Nov 30

Shareholder Returns

	MAE	CA Metals and Mining	CA Market
7D	20.0%	-0.6%	1.0%
1Y	33.3%	25.4%	23.0%

Return vs Industry: MAE exceeded the Canadian Metals and Mining industry which returned 25.4% over the past year.

Return vs Market: MAE exceeded the Canadian Market which returned 23% over the past year.

Price Volatility

Is MAE's price volatile compared to industry and market?
MAE volatility
MAE Average Weekly Movement	13.7%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.4%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: MAE's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: MAE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2007	n/a	Garett Macdonald	www.maritimeresourcescorp.com

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It also 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.

Maritime Resources Corp. Fundamentals Summary

How do Maritime Resources's earnings and revenue compare to its market cap?
MAE fundamental statistics
Market cap	CA$45.71m
Earnings (TTM)	-CA$5.59m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.9x

P/E Ratio

Is MAE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAE income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$5.59m
Earnings	-CA$5.59m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0067
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MAE perform over the long term?

See historical performance and comparison

MAE Stock Overview

Risk Analysis

Maritime Resources Corp. Competitors

TSXV:MGZ.H

CA$45.1m

TSX:RTG

CA$33.9m

TSXV:ARIC

CA$42.5m

TSXV:BFM

CA$42.0m

Price History & Performance

Recent News & Updates

Maritime Resources Corp. Announces Results of Additional Surface Sampling At the Hammerdown Gold Project Near the Towns of King's Point and Springdale in the Baie Verte Mining District of Newfoundland and Labrador

Maritime Resources Corp. announced that it has received $0.104705 million in funding

Maritime Resources Corp. Announces Executive Changes

New major risk - Share price stability

Dundee Corporation (TSX:DC.A) acquired 5.66% stake in Maritime Resources Corp. (TSXV:MAE) for CAD 1.6 million.

New major risk - Shareholder dilution

Recent updates

Maritime Resources Corp. Announces Results of Additional Surface Sampling At the Hammerdown Gold Project Near the Towns of King's Point and Springdale in the Baie Verte Mining District of Newfoundland and Labrador

Maritime Resources Corp. announced that it has received $0.104705 million in funding

Maritime Resources Corp. Announces Executive Changes

New major risk - Share price stability

Dundee Corporation (TSX:DC.A) acquired 5.66% stake in Maritime Resources Corp. (TSXV:MAE) for CAD 1.6 million.

New major risk - Shareholder dilution

Maritime Resources Corp. has filed a Follow-on Equity Offering in the amount of CAD 8 million.

Maritime Resources Corp. has filed a Follow-on Equity Offering in the amount of CAD 8 million.

Price target increased by 25% to CA$0.20

Is Maritime Resources (CVE:MAE) Using Too Much Debt?

Maritime Resources Corp. Provides Hammerdown and Point Rousse Project Update

New major risk - Financial position

Maritime Resources Corp. announced that it has received CAD 2.5 million in funding from FireFly Metals Ltd

Maritime Resources Corp. Confirms High Grade Gold, Silver, and Copper At Black Ridge

Maritime Resources Corp. Initiates Gold Recovery Program At the Pine Cove Mill

Maritime Resources Corp. Announces Board and Management Changes

New major risk - Financial position

Maritime Resources Corp. Stakes Black Ridge Property with Outcrop Grades of 8.8 gpt Gold,198.6 gpt Silver and 10.3% Copper

Maritime Resources Corp. Provides Update on Newfoundland and Labrador Gold Projects

Maritime Resources Corp., Annual General Meeting, Nov 30, 2023

Maritime Resources Corp. announced that it has received CAD 1.8955 million in funding

Maritime Resources Corp. announced that it has received CAD 1.8955 million in funding

Maritime Resources Corp. announced that it has received $5 million in funding

Maritime Resources Corp. announced that it has received $5 million in funding

Maritime Resources Corp. announced that it expects to receive CAD 3 million in funding

Maritime Resources Corp. signed an agreement to acquire Point Rousse Project from Signal Gold Inc.

New major risk - Share price stability

An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued

Maritime Resources Provides Exploration Update

Maritime Resources Corp. Drills 4.72 Gpt Au over 8.15 Metres, Including 10.4 Gpt Au over 3.67 Metres At Orion

Maritime Resources Corp. Commences Diamond Drill Exploration Program at its 100% Owned Hammerdown Gold Project

Maritime Resources Corp., Annual General Meeting, Dec 08, 2022

Maritime Resources Corp. announced that it has received CAD 3.7 million in funding from Dundee Goodman Merchant Partners, Tembo Capital Management Limited, Gold Resource Corporation and other investors

Maritime Resources Corp. Reports Positive Feasibility Study for Hammerdown Gold Project with 48.1% IRR

Maritime Resources Corp. Discovers New Gold Zone 300 Metres South of Hammerdown Deposit

Maritime Resources Provides Update on Hammerdown Gold Project

Maritime Resources Corp. Reports the Completion of A Mineral Resources Estimate on Its 100%-Owned, Lac Pelletier Gold Project

Maritime Resources Corp. (TSXV:MAE) acquired Sprucy Pond mineral licenses for CAD 0.14 million.

Maritime Resources Initiates 2022 Exploration Drilling Program

Independent Director Peter Mercer has left the company

Maritime Resources Reports Positive Sorting Results on Hammerdown Bulk Sample

Maritime Resources Traces Orion North Zone over 550 Metres - Intersects 12.43 Gpt Gold and 2.15 Gpt Silver over 1.20 Metres, Including 50.60 Gpt Gold and 7.90 Gpt Silver over 0.20 Metres

Maritime Resources Corp. Initiates Exploration Program at Hammerdown Gold Project

Maritime Resources Corp. announced that it has received CAD 10.00103 million in funding from Tembo Capital Management Limited

Is Maritime Resources (CVE:MAE) In A Good Position To Invest In Growth?

Maritime Resources Corp. announced that it expects to receive CAD 10.00103 million in funding from Tembo Capital Management Ltd

Maritime Resources Corp Drills 1.4 Gpt Au over 92.1 Metres At Hammerdown

Maritime Resources Corp. Provides Assay Results from Six Additional Diamond Drill Holes at the Orion Deposit in the Baie Verte Mining District of Newfoundland and Labrador, Canada

Maritime Resources Corp. Announces New Gold Discovery At the Hammerdown Gold Project Located in the Baie Verte Mining District of Newfoundland and Labrador, Canada

Maritime Resources Corp. (TSXV:MAE) signed a letter of intent to acquire Nugget Pond and Portfolio of Canadian Mineral Exploration Properties and Royalty Interests from Rambler Metals & Mining Canada Limited for CAD 3.1 million.

Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?

Maritime Resources Corp. Announces Additional Assay Results from its Ongoing Exploration Program at the Whisker Valley Project

Maritime Resources Corp. Announces Additional Assay Results from Ongoing Exploration Program at the Hammerdown Gold Project

Maritime Resources Corp. Intersects 2.90 Grams Per Tonne Gold over 31.0 Metres At Hammerdown in New Wisteria Zone

Maritime Resources Corp. announced that it has received CAD 8.705133 million in funding from Dundee Corporation and other investors

New 90-day high - CA$0.21

Shareholder Returns

Price Volatility

About the Company

Maritime Resources Corp. Fundamentals Summary