Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 100.9K
As of 3:49 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

matamec explorations inc (MAT) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
09/4/13 - C$0.26
52 Week Low
12/24/13 - C$0.07
Market Cap
10.2M
Average Volume 10 Days
355.7K
EPS TTM
C$-0.0078
Shares Outstanding
120.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MATAMEC EXPLORATIONS INC (MAT)

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matamec explorations inc (MAT) Details

Matamec Explorations Inc., a junior mining exploration company, engages in the acquisition, exploration, evaluation, and development of mining properties in Canada. It explores for gold, precious metals, platinum group metals, base metals, rare metals, and rare earths. The company holds interests in various properties that consist of 1,459 mining claims covering an area of 81,028 hectares in Quebec and 97 claims covering 1,429 hectares in Ontario. It primarily focuses on the exploration and development of the REE-yttrium-zirconium Kipawa property located in Temiscaming, south-western Quebec. Matamec Explorations Inc. was incorporated in 1997 and is headquartered in Montreal, Canada.

Founded in 1997

matamec explorations inc (MAT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$196.7K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: C$91.5K
Vice President of Project Development & Const...
Total Annual Compensation: C$195.2K
Vice President of Exploration, Director and M...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

matamec explorations inc (MAT) Key Developments

Canada Strategic Metals, Inc. and Matamec Explorations, Inc. Completes Drilling Program at the Sakami Gold Project

Canada Strategic Metals Inc. Matamec Explorations Inc. announced that a drilling program began in March 2014 at the Sakami gold project is completed. The program was aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Now that the program is complete, Zone 25 has been tested over a strike length of more than 200 metres and to depth of over 450 metres along its plunge. To date, the zone 25 has been test to a vertical depth of 250 metres. The holes are spaced at 50 metres. Eleven diamond drill holes have been completed during the campaign. All the holes intersected Zone 25, with widths ranging from 7.30 to 22.95 metres. The mineralized intersections consist of a silicified biotite paragneiss containing 1-7% with locally up to 10% pyrite-arsenopyrite.

Matamec Explorations, Inc. Appoints Christophe Romary as Business Development Director

Matamec Explorations Inc. announced that Mr. Christophe Romary joined Matamec as Business Development Director, and will provide investor relations services, thus increasing its visibility within the financial community. Mr. Romary has more than 17 years of experience in investment banking, working with companies like Orion Securities Inc. (now Macquarie Securities Group), Desjardins Securities, Northern Securities Inc. and Versant Partners (now Cantor Fitzgerald). Working as a Director or Managing Director to raise funds and advise for M&A his portfolio of clients, he also took on the role of Head of Investment Banking and Head of Mining Investment Banking for some of these firms.

Canada Strategic Metals Inc. and Matamec Explorations Inc. Began New Drilling Program at the Sakami Gold Project

Canada Strategic Metals Inc. and Matamec Explorations Inc. announced that a new drilling program began a few days ago at the Sakami gold project. The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have been tested over a strike length of more than 200 metres and to a depth of over 425 metres along its plunge. The holes are spaced at 50 metres. Five diamond drill holes have been completed to date. All the holes intersected Zone 25, with widths ranging from 7.30 to 19.85 metres. The mineralized intersections consist of a silicified biotite paragneiss containing 1-10% pyrite-arsenopyrite. The company expects to complete the current drilling program by April 15, 2014. The core is now being logged and sampled and will then be sent to the laboratory for assaying. The company will release the assay results as soon as they are received and compiled. The 2013 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec, which designed the drilling campaign, supervised the program and logged and sampled the core. Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in core sampling and analysis. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream. The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the Bourlamaque Ltee laboratory in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.01-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au.

 

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Valuation MAT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 164.6x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 133.4x
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