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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Auteco ..Firefky consolidates 1 for 15 at 3 cents
View:
Post by nozzpack on Aug 15, 2024 6:22pm

Auteco ..Firefky consolidates 1 for 15 at 3 cents

..in late 2023 .

It's now at $0.76 per share despite several equity based financings since then....over 80% gain despite  two signifucant equity based financings ...

Its the asset value and earnings potential of those assets that are obscured when those assets are valued in Pennies which no fund will invest in but which penny investors try to squeeze out  tiny margins on a single penny change.

So many examples of such share consolidations greatly and consistentlybbenefiting shareholders  , yet most investors automatically assume that what happens when moose pasture is the only asset, also applies to stocks with great assets who are.brutally undervalued just because they are penny stocks.
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