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Maritime Resources Corp.

Company price
None CAD 0.00(0%)
Last update at 2025-11-20T20:04:00.381621Z
Market Cap
245.58M

Momentum Score

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Maritime Resources Corp., a junior gold and base metals exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, lead, zinc, coper, and silver deposit. The company was incorporated in 2007 and is based in Vancouver, Canada.

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52 Week Price Range
0.50
Low
2.90
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
2.24
Dividend Yield
-
Revenue TTM
3.40M
Revenue Per Share
0.04
Gross Profit TTM
1.61M
Debt / Equity
0.14
ROE
-8.20%
Net Debt
1.86M
ROCE
-8.59%
Diluted EPS TTM
-0.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -6.93M -2.54M -1.71M -1.62M -1.30M
Net income -6.93M -2.54M -1.79M -1.62M -1.30M
Selling general administrative 3.71M 2.37M 1.75M 2.85M 1.86M
Gross profit -0.22M -0.17M -0.17M -0.08M -0.03M
Reconciled depreciation 0.22M 0.17M 0.17M 0.08M 0.03M
Ebit - -2.81M -1.92M -1.61M -1.30M
Ebitda - -2.64M -1.75M -1.53M -1.27M
Depreciation and amortization - 0.17M 0.17M 0.08M 0.03M
Operating income -4.76M -2.81M -1.92M -1.61M -1.30M
Other operating expenses - 2.81M 2.15M 2.93M 1.88M
Interest expense 1.76M 0.69M 0.04M 0.01M 0.00M
Tax provision - 0.00M 0.08M 0.00M -
Interest income 0.09M 0.04M 0.00M 0.02M 0.02M
Net interest income -1.86M -0.66M -0.04M 0.01M 0.02M
Income tax expense - 0.00M 0.08M 1.31M 0.56M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 4.76M 2.64M 1.98M 2.85M 1.86M
Cost of revenue 0.22M 0.17M 0.17M 0.08M 0.03M
Total other income expense net -0.31M 0.26M 0.48M 1.30M 0.56M
Net income from continuing ops -6.93M -2.54M -1.79M -1.62M -1.30M
Net income applicable to common shares - - -1.79M -1.62M -1.30M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 56.85M 52.93M 39.91M 38.09M 26.16M
Other current assets - 0.35M 0.20M - -
Total liab 14.30M 13.95M 2.03M 2.18M 1.26M
Total stockholder equity 42.55M 38.97M 37.88M 35.91M 24.89M
Deferred long term liab - - - - 0.28M
Other current liab - 0.89M - 0.22M 0.20M
Common stock - 51.98M 49.16M 45.13M 33.40M
Capital stock 61.11M 51.98M 49.16M 45.13M 33.40M
Retained earnings -22.16M -15.72M -13.51M -12.01M -10.69M
Other liab - - 0.80M 0.72M -
Other assets - - 0.11M 0.12M 0.58M
Cash 4.70M 1.06M 2.50M 4.34M 6.42M
Total current liabilities 1.47M 1.00M 0.93M 1.13M 1.24M
Current deferred revenue - -0.72M - - -
Net debt 1.86M 4.59M - - -
Short term debt - 0.12M - - -
Short long term debt total - 5.64M - - -
Other stockholder equity - - 2.23M 2.79M 2.18M
Property plant equipment - - 36.82M 33.19M 18.71M
Total current assets 6.04M 2.57M 2.98M 4.78M 6.87M
Net tangible assets - - 37.88M 35.91M 24.89M
Net receivables - 1.16M 0.14M 0.30M 0.34M
Long term debt 6.56M 5.27M - - -
Inventory 0.33M - - - -
Accounts payable 1.00M 0.72M 0.85M 0.72M 0.94M
Accumulated other comprehensive income - 2.72M - - -
Non currrent assets other 1.98M 38.84M - - -
Non current assets total 50.82M 50.35M 36.94M 33.31M 19.28M
Capital lease obligations 0.34M 0.38M 0.39M 0.42M 0.04M
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 -6.46M 1.26M 1.26M 1.26M 1.26M
Change to liabilities - -0.03M 0.06M 0.02M 0.01M
Total cashflows from investing activities - -3.33M -12.36M -6.63M -3.81M
Net borrowings - -0.09M -0.03M -0.01M -0.06M
Total cash from financing activities 7.40M 3.56M 12.15M 12.72M 5.56M
Change to operating activities - 0.00M -0.03M -0.01M -0.10M
Net income -2.54M -1.79M -1.62M -1.30M -2.01M
Change in cash -1.65M -1.64M -2.08M 4.59M -0.53M
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 -2.58M -1.86M -1.87M -1.50M -2.28M
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 0.00M 0.00M - - 0.00M
Change to account receivables -0.68M 0.16M 0.05M -0.16M -0.10M
Other cashflows from financing activities -0.90M -0.05M 1.27M 0.53M -0.47M
Change to netincome - -0.39M -0.41M -0.07M -0.15M
Capital expenditures 4.30M 5.20M 2.84M 0.01M 0.03M
Change in working capital -0.50M 0.14M 0.08M -0.16M -0.18M
Stock based compensation 0.17M 0.01M 0.89M 0.47M 0.33M
Other non cash items 1.31M -0.47M -1.30M -0.54M -0.48M
Free cash flow -6.88M -7.06M -4.70M -1.51M -2.31M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
OMG
Omai Gold Mines Corp
0.05
2.96%
1.74 - - - 62.63 - -4.09
ASE
Asante Gold Corporation
-
-%
0.66 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.
0.09
9.78%
1.01 3.41 2.77 2.87 1.88 1.80 2.44
MKO
Mako Mining Corp
0.20
1.81%
11.25 18.47 2.34 6.21 4.73 4.31 10.00

Profile*

Maritime Resources Corp.

Maritime Resources Corp., a junior gold and base metals exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, lead, zinc, coper, and silver deposit. The company was incorporated in 2007 and is based in Vancouver, Canada.

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

416 365 5321

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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