Maritime Resources (OTCPK:MRTM.F) - Stock Price, News & Analysis

MRTM.F Stock Overview

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

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

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

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)

+ 1 more risk

Maritime Resources Corp. Competitors

Austin Gold

NYSEAM:AUST

US$27.5m

Paramount Gold Nevada

NYSEAM:PZG

US$26.5m

Nevada Canyon Gold

OTCPK:NGLD

US$23.1m

Victoria Gold

OTCPK:VITF.F

US$23.4m

Price History & Performance

Summary of all time highs, changes and price drops for Maritime Resources
Historical stock prices
Current Share Price	CA$0.04
52 Week High	CA$0.10
52 Week Low	CA$0.015
Beta	1.38
11 Month Change	-20.00%
3 Month Change	40.35%
1 Year Change	0%
33 Year Change	-60.16%
5 Year Change	-28.57%
Change since IPO	-67.35%

Recent updates

Shareholder Returns

	MRTM.F	US Metals and Mining	US Market
7D	14.3%	4.0%	2.2%
1Y	0%	22.9%	31.6%

Return vs Industry: MRTM.F underperformed the US Metals and Mining industry which returned 22.9% over the past year.

Return vs Market: MRTM.F underperformed the US Market which returned 31.7% over the past year.

Price Volatility

Is MRTM.F's price volatile compared to industry and market?
MRTM.F volatility
MRTM.F Average Weekly Movement	48.2%
Metals and Mining Industry Average Movement	8.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: MRTM.F's weekly volatility has increased from 41% to 48% over the past year.

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?
MRTM.F fundamental statistics
Market cap	US$34.19m
Earnings (TTM)	-US$4.00m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-8.6x

P/E Ratio

Is MRTM.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRTM.F 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 MRTM.F perform over the long term?

See historical performance and comparison

MRTM.F Stock Overview

Risk Analysis

Maritime Resources Corp. Competitors

NYSEAM:AUST

US$27.5m

NYSEAM:PZG

US$26.5m

OTCPK:NGLD

US$23.1m

OTCPK:VITF.F

US$23.4m

Price History & Performance

Recent News & Updates

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

Maritime Resources Corp. Announces Executive Changes

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

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.

Maritime Resources Corp. Provides Hammerdown and Point Rousse Project Update

Recent updates

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

Maritime Resources Corp. Announces Executive Changes

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

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.

Maritime Resources Corp. Provides Hammerdown and Point Rousse Project Update

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

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.

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

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

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.

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

Maritime Resources Corp. announced that it expects to receive CAD 6 million in funding from Dundee Corporation

Shareholder Returns

Price Volatility

About the Company

Maritime Resources Corp. Fundamentals Summary

0.0x

-8.6x

Earnings & Revenue