Maritime Resources Financials

MAE Stock  CAD 0.06  0.01  9.09%   
We recommend to make use of Maritime Resources Corp fundamental analysis to find out if markets are presently mispricing the entity. Strictly speaking this technique allows you to check out available financial ratios of Maritime Resources Corp as well as the relationship between them. We were able to interpolate twenty-six available fundamentals for Maritime Resources, which can be compared to its peers in the industry. The stock experiences a very speculative upward sentiment. Check odds of Maritime Resources to be traded at C$0.075 in 90 days. Key indicators impacting Maritime Resources' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.130.12
Significantly Up
Slightly volatile
Current Ratio2.432.5613
Notably Down
Pretty Stable
  
Understanding current and past Maritime Resources Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Maritime Resources' financial statements are interrelated, with each one affecting the others. For example, an increase in Maritime Resources' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Maritime Resources' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Maritime Resources Corp. Check Maritime Resources' Beneish M Score to see the likelihood of Maritime Resources' management manipulating its earnings.

Maritime Resources Stock Summary

Maritime Resources competes with Tristar Gold, and Independence Gold. Maritime Resources Corp. engages in the exploration and development of mineral properties in Canada. The company was incorporated in 2007 and is based in Vancouver, Canada. MARITIME RESOURCES operates under Gold classification in Canada and is traded on TSX Venture Exchange.
Specialization
Basic Materials, Materials
InstrumentCanada Stock View All
ExchangeTSX Venture Exchange
ISINCA57035U1021
Business Address650 West Georgia
SectorMetals & Mining
IndustryMaterials
BenchmarkDow Jones Industrial
Websitewww.maritimeresourcescorp.com
Phone604 687 0411
CurrencyCAD - Canadian Dollar
You should never invest in Maritime Resources without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Maritime Stock, because this is throwing your money away. Analyzing the key information contained in Maritime Resources' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Maritime Resources Key Financial Ratios

There are many critical financial ratios that Maritime Resources' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Maritime Resources Corp reports annually and quarterly.

Maritime Resources Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets14.1M26.2M38.1M39.9M52.9M55.6M
Net Debt(1.8M)(6.4M)(3.9M)(2.1M)4.6M4.8M
Accounts Payable364.4K943.2K724.2K742.7K720.0K756.0K
Cash1.8M6.4M4.3M2.5M1.1M1.5M
Total Liab511.0K1.3M2.2M2.0M14.0M14.7M
Total Current Assets2.1M6.9M4.8M3.0M2.6M1.7M
Retained Earnings(9.5M)(10.7M)(12.0M)(13.5M)(15.7M)(14.9M)
Net Receivables161.5K340.0K298.2K136.7K1.2M1.2M
Other Current Liab47.6K203.6K223.3K102.7K887.4K931.8K
Net Tangible Assets13.6M24.9M35.9M37.9M43.6M45.7M
Common Stock20.6M33.4M45.1M49.2M52.0M54.6M
Other Current Assets120.2K116.3K141.6K137.8K349.9K367.4K
Net Invested Capital13.6M24.9M35.9M37.9M44.2M27.2M
Net Working Capital1.6M5.6M3.6M2.1M1.6M2.6M
Capital Stock20.6M33.4M45.1M49.2M52.0M39.5M

Maritime Resources Key Income Statement Accounts

201920202021202220232024 (projected)
Operating Income(1.0M)(1.3M)(1.6M)(1.9M)(2.8M)(2.7M)
Ebitda(945.9K)(1.3M)(1.5M)(1.7M)(2.6M)(2.5M)
Income Before Tax(2.0M)(1.3M)(1.6M)(1.7M)(2.5M)(2.4M)
Net Income(2.0M)(1.3M)(1.6M)(1.8M)(2.5M)(2.4M)
Income Tax Expense487.2K563.5K1.3M79K3.02.85
Interest Expense3.2K138.06.8K39.2K694.0K728.7K
Ebit(1.0M)(1.3M)(1.6M)(1.9M)(2.8M)(2.7M)
Net Interest Income59.7K21.9K11.3K(35.9K)(657.8K)(624.9K)
Interest Income62.8K22.1K18.0K3.4K36.2K19.8K

Maritime Resources Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(531.9K)4.6M(2.1M)(1.6M)(1.6M)(1.6M)
Free Cash Flow(2.3M)(1.5M)(4.7M)(7.1M)(6.9M)(6.5M)
Capital Expenditures30.5K13.2K2.8M5.2M4.3M4.5M
End Period Cash Flow1.8M6.4M4.3M2.7M1.1M1.5M
Other Non Cash Items(484.0K)(539.4K)(1.3M)(470.7K)1.3M1.4M
Net Income(2.0M)(1.3M)(1.6M)(1.8M)(2.5M)(2.4M)
Net Borrowings(64.3K)(14.3K)(34.1K)(93.4K)(84.1K)(88.3K)
Change To Netincome(153.6K)(69.7K)(410.8K)(385.3K)(346.8K)(329.5K)

Maritime Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Maritime Resources's current stock value. Our valuation model uses many indicators to compare Maritime Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Maritime Resources competition to find correlations between indicators driving Maritime Resources's intrinsic value. More Info.
Maritime Resources Corp is regarded fifth in return on equity category among its peers. It is regarded fourth in return on asset category among its peers . At this time, Maritime Resources' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Maritime Resources' earnings, one of the primary drivers of an investment's value.

Maritime Resources Corp Systematic Risk

Maritime Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Maritime Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Maritime Resources Corp correlated with the market. If Beta is less than 0 Maritime Resources generally moves in the opposite direction as compared to the market. If Maritime Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Maritime Resources Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Maritime Resources is generally in the same direction as the market. If Beta > 1 Maritime Resources moves generally in the same direction as, but more than the movement of the benchmark.

Maritime Resources Corp Total Assets Over Time

Today, most investors in Maritime Resources Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Maritime Resources' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Maritime Resources growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.41)

At this time, Maritime Resources' Price Earnings To Growth Ratio is fairly stable compared to the past year.

Maritime Resources November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Maritime Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Maritime Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Maritime Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Maritime Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Maritime Resources's daily price indicators and compare them against related drivers.

Additional Tools for Maritime Stock Analysis

When running Maritime Resources' price analysis, check to measure Maritime Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Maritime Resources is operating at the current time. Most of Maritime Resources' value examination focuses on studying past and present price action to predict the probability of Maritime Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maritime Resources' price. Additionally, you may evaluate how the addition of Maritime Resources to your portfolios can decrease your overall portfolio volatility.