Maritime Resources Corp.

TSXV:MAE Stock Report

Market Cap: CA$45.7m

Maritime Resources Management

Management criteria checks 3/4

Maritime Resources' CEO is Garett Macdonald, appointed in Feb 2019, has a tenure of 5.83 years. total yearly compensation is CA$350.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth CA$248.31K. The average tenure of the management team and the board of directors is 5.8 years and 3.4 years respectively.

Key information

Garett Macdonald

Chief executive officer

CA$350.0k

Total compensation

CEO salary percentage100.0%
CEO tenure5.8yrs
CEO ownership0.5%
Management average tenure5.8yrs
Board average tenure3.4yrs

Recent management updates

Recent updates

Health Check: How Prudently Does Maritime Resources (CVE:MAE) Use Debt?

Dec 20
Health Check: How Prudently Does Maritime Resources (CVE:MAE) Use Debt?

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

Jun 11
Is Maritime Resources (CVE:MAE) Using Too Much Debt?

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

Mar 03
An Intrinsic Calculation For Maritime Resources Corp. (CVE:MAE) Suggests It's 21% Undervalued

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 Invest In Growth?

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

Nov 30
Is Maritime Resources (CVE:MAE) In A Good Position To Deliver On Growth Plans?

CEO Compensation Analysis

How has Garett Macdonald's remuneration changed compared to Maritime Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$6m

Jun 30 2024n/an/a

-CA$5m

Mar 31 2024n/an/a

-CA$4m

Dec 31 2023CA$350kCA$350k

-CA$3m

Sep 30 2023n/an/a

-CA$2m

Jun 30 2023n/an/a

-CA$2m

Mar 31 2023n/an/a

-CA$2m

Dec 31 2022CA$350kCA$350k

-CA$2m

Sep 30 2022n/an/a

-CA$2m

Jun 30 2022n/an/a

-CA$2m

Mar 31 2022n/an/a

-CA$2m

Dec 31 2021CA$375kCA$325k

-CA$2m

Sep 30 2021n/an/a

-CA$1m

Jun 30 2021n/an/a

-CA$1m

Mar 31 2021n/an/a

-CA$1m

Dec 31 2020CA$300kCA$300k

-CA$1m

Sep 30 2020n/an/a

-CA$2m

Jun 30 2020n/an/a

-CA$1m

Mar 31 2020n/an/a

-CA$1m

Dec 31 2019CA$275kCA$275k

-CA$2m

Compensation vs Market: Garett's total compensation ($USD242.77K) is above average for companies of similar size in the Canadian market ($USD163.24K).

Compensation vs Earnings: Garett's compensation has been consistent with company performance over the past year.

CEO

Garett Macdonald (52 yo)

5.8yrs

Tenure

CA$350,000

Compensation

Mr. Garett Macdonald, MBA, B.E., BASc., P.Eng., has been the President and Chief Executive Officer of Maritime Resources Corp., since February 1, 2019. He served as Director of Electra Battery Materials Co...

Leadership Team

NamePositionTenureCompensationOwnership
Garett Macdonald
President5.8yrsCA$350.00k0.54%
CA$ 248.3k
Germaine Coombs
VP of Finance5.8yrsCA$200.00k0.085%
CA$ 38.9k
Perry Blanchard
Vice President of Environment & Sustainability4.3yrsCA$200.00k0.061%
CA$ 28.1k
Tania Shaw
Head of Investor Relations4.5yrsno datano data
Allan Williams
Advisorno dataCA$65.00kno data
David McCue
Advisorno datano datano data

5.8yrs

Average Tenure

66yo

Average Age

Experienced Management: MAE's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Garett Macdonald
President6.2yrsCA$350.00k0.54%
CA$ 248.3k
Allen Palmiere
Independent Chairman of the Board1.1yrsCA$1.67kno data
Tom Yip
Independent Director3.4yrsCA$25.00k0.10%
CA$ 45.9k
Nicholas Nikolakakis
Independent Director3.4yrsCA$20.00kno data
John Hayes
Independent Director6.2yrsCA$25.00k0.21%
CA$ 94.7k
Matthew Goodman
Independent Director1.1yrsCA$1.67k0.034%
CA$ 15.3k

3.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: MAE's board of directors are considered experienced (3.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 10:26
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Maritime Resources Corp. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Carey MacRuryCanaccord Genuity
Michael FairbairnCanaccord Genuity
George ToppingiA Capital Markets