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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. It controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).


TSXV:MAE - Post by User

Post by shiftyoneon Oct 23, 2024 9:41pm
102 Views
Post# 36279542

The trading the last month or more has been interesting,

The trading the last month or more has been interesting,and kind of consistent.  Consistent in that some days it trades close to a million shares.  And the next day, it could trade $1000 worth.

Wednesday is the most common day for big volume.  but it has been big volume monday tuesday wednesday as well.  But Wednesday is on average much bigger.  Friday is typically not a big volume day.

It seems to me... that they might fish a bit early in the week to buy out a certain price.  Then they back off after they clear the 0.05's...the 0.055, the .0.06..   Then they wait to see how many people are selling them at .06 after it was bought out.  So far, it doesn't look like much.

Then they will buy the couple hundred thousand share at .06 early in the week.  get it cleaned out.  Then on Wednesday they will attact the next level.  here it would be .065.  If they can bust that, which hasn't been done in years.... it might be clear sailing above.  then wait for more sellers at .065.... then clean it out a week later.

this is not investment advice.  it's just a trend that i think i noticed the last 6 weeks.  Do your own DD.

GLTA

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