Maritime Resources Corp.

Basic Materials CA MAE

1.16CAD
-0.01(0.85%)

Last update at 2025-07-08T15:29:00Z

Day Range

1.161.18
LowHigh

52 Week Range

0.040.07
LowHigh

Fundamentals

  • Previous Close 1.17
  • Market Cap45.71M
  • Volume35980
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-3.10087M
  • Revenue TTM0.00000M
  • Revenue Per Share TTM-
  • Gross Profit TTM 0.00000M
  • Diluted EPS TTM-0.02

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax -2.54376M -1.70819M -1.61756M -1.29884M -2.00553M
Minority interest - - - - -
Net income -2.54376M -1.78719M -1.61756M -1.29884M -2.00553M
Selling general administrative 2.37M 1.75M 2.85M 1.86M 1.49M
Selling and marketing expenses - - - - -
Gross profit -0.17017M -0.17128M -0.08260M -0.02705M -0.06398M
Reconciled depreciation 0.17M 0.17M 0.08M 0.03M 0.06M
Ebit -2.80725M -1.91635M -1.61079M -1.29870M -1.00986M
Ebitda -2.63708M -1.74507M -1.52819M -1.27165M -0.94588M
Depreciation and amortization 0.17M 0.17M 0.08M 0.03M 0.06M
Non operating income net other - - - - -
Operating income -2.80725M -1.91635M -1.61079M -1.29870M -1.00986M
Other operating expenses 2.81M 2.15M 2.93M 1.88M 1.56M
Interest expense 0.69M 0.04M 0.00677M 0.00014M 0.00318M
Tax provision 0.00000M 0.08M 0.00000M - -
Interest income 0.04M 0.00336M 0.02M 0.02M 0.06M
Net interest income -0.65781M -0.03589M 0.01M 0.02M 0.06M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.00000M 0.08M 1.31M 0.56M 0.49M
Total revenue 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total operating expenses 2.64M 1.98M 2.85M 1.86M 1.49M
Cost of revenue 0.17M 0.17M 0.08M 0.03M 0.06M
Total other income expense net 0.26M 0.48M 1.30M 0.56M -0.50853M
Discontinued operations - - - - -
Net income from continuing ops -2.54376M -1.78719M -1.61756M -1.29884M -2.00553M
Net income applicable to common shares - -1.78719M -1.61756M -1.29884M -2.00553M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 52.93M 39.91M 38.09M 26.16M 14.08M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 0.35M 0.20M - - -
Total liab 13.95M 2.03M 2.18M 1.26M 0.51M
Total stockholder equity 38.97M 37.88M 35.91M 24.89M 13.57M
Deferred long term liab - - - 0.28M -
Other current liab 0.89M - 0.22M 0.20M 0.05M
Common stock 51.98M 49.16M 45.13M 33.40M 20.57M
Capital stock 51.98M 49.16M 45.13M 33.40M 20.57M
Retained earnings -15.72075M -13.51292M -12.01109M -10.68744M -9.51954M
Other liab - 0.80M 0.72M - -
Good will - - - - -
Other assets - 0.11M 0.12M 0.58M -
Cash 1.06M 2.50M 4.34M 6.42M 1.83M
Cash and equivalents - - - - -
Total current liabilities 1.00M 0.93M 1.13M 1.24M 0.51M
Current deferred revenue -0.71998M - - - -
Net debt 4.59M - - - -
Short term debt 0.12M - - - -
Short long term debt - - - - -
Short long term debt total 5.64M - - - -
Other stockholder equity - 2.23M 2.79M 2.18M 2.52M
Property plant equipment - 36.82M 33.19M 18.71M 11.97M
Total current assets 2.57M 2.98M 4.78M 6.87M 2.11M
Long term investments - - - - -
Net tangible assets - 37.88M 35.91M 24.89M 13.57M
Short term investments - - - - -
Net receivables 1.16M 0.14M 0.30M 0.34M 0.16M
Long term debt 5.27M - - - -
Inventory - - - - -
Accounts payable 0.72M 0.85M 0.72M 0.94M 0.36M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 2.72M - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 38.84M - - - 11.97M
Deferred long term asset charges - - - - -
Non current assets total 50.35M 36.94M 33.31M 19.28M 11.97M
Capital lease obligations 0.38M 0.39M 0.42M 0.04M 0.01M
Long term debt total - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -6.46189M 1.26M 1.26M 1.26M 1.26M
Change to liabilities - -0.02695M 0.06M 0.02M 0.01M
Total cashflows from investing activities - -3.33107M -12.35988M -6.63070M -3.81292M
Net borrowings - -0.09340M -0.03413M -0.01428M -0.06432M
Total cash from financing activities 7.40M 3.56M 12.15M 12.72M 5.56M
Change to operating activities - 0.00387M -0.03035M -0.00961M -0.09814M
Net income -2.54376M -1.78719M -1.61756M -1.29884M -2.00553M
Change in cash -1.64503M -1.63641M -2.07876M 4.59M -0.53191M
Begin period cash flow 2.70M 4.34M 6.42M 1.83M 2.36M
End period cash flow 1.06M 2.70M 4.34M 6.42M 1.83M
Total cash from operating activities -2.58349M -1.86283M -1.86564M -1.49740M -2.27901M
Issuance of capital stock 1.90M 3.70M 10.91M 12.21M 6.09M
Depreciation 0.17M 0.17M 0.08M 0.03M 0.06M
Other cashflows from investing activities - 0.03M 0.08M 0.08M 0.07M
Dividends paid 0.00000M 0.00000M - - 0.00000M
Change to inventory - - - - -
Change to account receivables -0.67798M 0.16M 0.05M -0.16497M -0.09650M
Sale purchase of stock - - - - -
Other cashflows from financing activities -0.90080M -0.04911M 1.27M 0.53M -0.46816M
Change to netincome - -0.38532M -0.41078M -0.06967M -0.15362M
Capital expenditures 4.30M 5.20M 2.84M 0.01M 0.03M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.50313M 0.14M 0.08M -0.15595M -0.18382M
Stock based compensation 0.17M 0.00640M 0.89M 0.47M 0.33M
Other non cash items 1.31M -0.47072M -1.30469M -0.53940M -0.48397M
Free cash flow -6.88151M -7.06089M -4.70207M -1.51061M -2.30946M

Peer Comparison

Sector: Basic Materials Industry: Gold

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to EBITDA (x)
MAE
Maritime Resources Corp.
-0.01 0.85% 1.16 - - - 1.20 -12.9777
ARTG
Artemis Gold Inc
-0.57 2.28% 24.43 - 11.72 - 5.16 -30.8158
SGD
Snowline Gold Corp.
-0.31 3.65% 8.18 - - - 12.88 28697.45 -36.1728
NFG
New Found Gold Corp
-0.12 6.06% 1.86 - - - 8.85 -11.0158
AMRQ
Amaroq Minerals Ltd.
-0.06 4.08% 1.41 - - - 4.00 -21629.5487

Reports Covered

Stock Research & News

Profile

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. In addition, the company holds interests in the Green Bay project, as well as Whisker Valley project situated in Newfoundland and Labrador; and Orion deposit located to the east of Hammerdown. Further, it entered into an agreement to acquire 100% interests in the Gull Ridge and Point Rousse project located in Newfoundland and Labrador, Canada. The company was incorporated in 2007 and is based in Vancouver, Canada.

Maritime Resources Corp.

650 West Georgia Street, Vancouver, BC, Canada, V6B 4P7

Key Executives

Name Title Year Born
Mr. Garett Macdonald B.E., BASc., M.B.A., MBA, P.Eng, P.Eng. Pres, CEO & Director 1972
Ms. Germaine Marleen Coombs C.M.A., CPA, B.Comm., CMA VP of Fin. & CFO NA
Mr. Perry Lloyd Blanchard VP of Environment and Sustainability NA
Ms. Tania Barreto Shaw CPIR Head of Investor Relations NA
Mr. Jeremy Niemi P.Geo. Technical Advisor - Exploration NA
Ms. Lorna D. MacGillivray L.L.B., LL.B Corp. Sec. 1952
Mr. Allan William Williams Advisor 1958
Mr. David J. McCue Advisor 1950
Ms. Catherine DiVito Mang. of Investor Relations NA
Mr. Garett Macdonald B.E., BASc., M.B.A., MBA, P.Eng, P.Eng. President, CEO & Director 1972

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