Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada.
+ 1 more risk
Adequate balance sheet and overvalued.
Share Price & News
How has Maritime Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAE has not had significant price volatility in the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: MAE underperformed the Canadian Metals and Mining industry which returned 4.3% over the past year.
Return vs Market: MAE underperformed the Canadian Market which returned 5.8% over the past year.
Price Volatility Vs. Market
How volatile is Maritime Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Maritime Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MAE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MAE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MAE is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: MAE is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MAE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MAE is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.5x).
How is Maritime Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maritime Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Maritime Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Maritime Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Maritime Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAE is currently unprofitable.
Growing Profit Margin: MAE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MAE is unprofitable, and losses have increased over the past 5 years at a rate of -35% per year.
Accelerating Growth: Unable to compare MAE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MAE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.9%).
Return on Equity
High ROE: MAE has a negative Return on Equity (-17.64%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Maritime Resources's financial position?
Financial Position Analysis
Short Term Liabilities: MAE's short term assets (CA$3.9M) exceed its short term liabilities (CA$991.1K).
Long Term Liabilities: MAE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAE is debt free.
Reducing Debt: MAE has no debt compared to 5 years ago when its debt to equity ratio was 0.05%.
Inventory Level: MAE has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MAE's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MAE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MAE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -38.8% each year
What is Maritime Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MAE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MAE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MAE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MAE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Garett Macdonald (47yo)
Mr. Garett MacDonald, MBA, BASc., P.Eng. has been the President and Chief Executive Officer of Maritime Resources Corp., since February 1, 2019. He has been a Director of First Cobalt Corp. since June 2018 ...
|President||1yrs||no data||0.30% CA$33.6k|
|2.8yrs||no data||no data|
|Chief Financial Officer||1yrs||no data||0.11% CA$12.6k|
|Director of Investor Relations||0.7yrs||no data||no data|
|Technical Advisor - Exploration||1.1yrs||no data||no data|
|Corporate Secretary||1yrs||no data||0.11% CA$12.6k|
|Manager of Investor Relations||9.3yrs||no data||no data|
Experienced Management: MAE's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|President||1yrs||no data||0.30% CA$33.6k|
|Independent Director||8yrs||CA$18.00k||0.047% CA$5.4k|
|Independent Director||1.3yrs||no data||0.23% CA$25.8k|
|Chair of the Board||1.3yrs||no data||0.28% CA$31.3k|
Experienced Board: MAE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 85.4%.
Maritime Resources Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Maritime Resources Corp.
- Ticker: MAE
- Exchange: TSXV
- Founded: 2007
- Industry: Gold
- Sector: Materials
- Market Cap: CA$11.390m
- Shares outstanding: 189.83m
- Website: https://www.maritimeresourcescorp.com
- Maritime Resources Corp.
- 650 West Georgia Street
- Suite 200
- British Columbia
- V6B 4P7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MAE||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Oct 2010|
|MRTM.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2010|
Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold and base metal deposits. It holds 100% interest in the Green Bay property covering an area of 51.7 square kilometers located in Newfoundland and Labrador, Canada. The company also holds interest in the Whisker Valley project, Orion, Rumbullion East, and Gull Ridge properties. Maritime Resources Corp. was incorporated in 2007 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:21|
|End of Day Share Price||2020/02/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.