Forum Energy Metals Corp (FMC) AI Stock Analysis

• Market Cap: C$13.65M
• Dividend Yield: N/A
• Average Volume (3M): 171.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.02
• Revenue Growth: N/A
• EPS Growth: -57.21%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 49
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 303,354,580
• 10 Day Avg. Volume: 124,725
• 30 Day Avg. Volume: 171,245
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Forum Energy Metals Corp's stock score reflects severe financial instability with no revenue, persistent losses, and negative cash flows. Technical indicators suggest a downward trend, reinforcing the financial challenges. Despite positive corporate events suggesting potential growth in uranium exploration, the current financial and technical conditions remain weak, making the stock a high-risk investment.

Forum Energy Metals Corp Business Overview & Revenue Model

Company Description

Forum Energy Metals Corp. engages in the evaluation, acquisition, exploration, and development of natural resource properties in Canada and the United States. The company explores for energy metals, including copper, cobalt, uranium, palladium, nickel, platinum, and gold deposits. It holds 100% interests in the Fir Island uranium project covering an area of 20,463; the Janice Lake copper-silver project that covers an area of 39,943 hectares; the Love Lake nickel-copper-palladium-platinum project that covers an area of 32,135 hectares; the Grease River project covering an area of 10,528 hectares; the Wollaston project covering an area of 11,067 hectares; the Highlands project; the Glennie project; the Highrock uranium project; the Still Nickel project; and the Maurice Point uranium project that covers an area of 6,295 hectors located in Saskatchewan. It also holds a 65% interest in the Costigan uranium project; 75% interest in the Clearwater uranium project; 40% interest in the Henday uranium project; and 39.43% interest in the NW Athabasca located in Saskatchewan. In addition, the company also holds 100% interests in the Quartz Gulch property consist of 127 claims covering an area of 10.65 square kilometers located in Idaho; and 100% interests in the Nunavut Uranium project consist of 40 claims covering an area of 97,433 hectares located on the northeast of the Thelon Basin in Nunavut Territory. The company was formerly known as Forum Uranium Corp. and changed its name to Forum Energy Metals Corp. in February 2018. Forum Energy Metals Corp. was incorporated in 1987 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Forum Energy Metals Corp generates revenue through the exploration and development of mineral properties, primarily focusing on energy metals such as uranium, copper, and nickel. The company makes money by acquiring promising mineral properties, conducting exploratory drilling and geological surveys, and increasing the value of these properties through successful exploration results. Once a property demonstrates potential for economically viable mineral deposits, Forum Energy Metals may either develop the property towards production, partner with larger mining companies through joint ventures, or sell the property at a premium. Additionally, the company may earn revenue from option agreements, where other companies pay for the right to explore and potentially develop the properties. Key partnerships with other mining firms and investors are significant contributors to Forum Energy Metals' earnings, providing financial resources and technical expertise to advance their projects.

Forum Energy Metals Corp Financial Statement Overview

Summary

Forum Energy Metals Corp faces significant financial challenges with no revenue, persistent losses, and negative cash flows. While the absence of debt is a positive, the company's inability to generate revenue, along with declining equity and liquidity issues, indicates a precarious financial position. Strategic changes are needed to improve the financial health and sustainability of the company.

Income Statement

The company has consistently reported zero revenue across all periods, indicating an absence of sales. The gross profit is negative due to the lack of revenue, and the company consistently incurs significant losses. Margins such as EBIT and net profit are negative, highlighting ongoing operational challenges. There is no revenue growth, which is a major concern.

Balance Sheet

The balance sheet reveals no debt, which is a positive aspect, indicating low financial leverage. However, the stockholders' equity has declined over time, reducing the equity ratio. The return on equity is negative due to consistent net losses, indicating inefficiency in generating returns for shareholders.

Cash Flow

The company consistently reports negative operating and free cash flows, suggesting ongoing liquidity issues. The free cash flow shows no growth, reflecting the continued cash burn. The operating cash flow to net income ratio is unfavorable, mirroring cash flow struggles tied to poor income performance.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-73.29K	-18.94K	-2.86M	-2.70M	-228.38K
	EBIT
-13.61M	-6.48M	-4.87M	-4.05M	-793.18K
	EBITDA
-9.81M	-5.32M	-4.57M	-3.43M	-2.07M
	Net Income Common Stockholders
-9.89M	-5.36M	-4.57M	-3.43M	-2.07M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
601.34K	1.47M	1.15M	3.12M	285.08K
	Total Assets
2.31M	3.45M	3.36M	5.97M	2.41M
	Total Debt
0.00	0.00	0.00	0.00	87.42K
	Net Debt
-496.52K	-1.42M	-1.10M	-3.10M	-182.93K
	Total Liabilities
1.75M	1.27M	763.36K	634.91K	537.10K
	Stockholders Equity
553.63K	2.18M	2.60M	5.34M	1.87M
Cash Flow		Free Cash Flow
-11.69M	-6.85M	-4.06M	-4.02M	-639.74K
	Operating Cash Flow
-11.54M	-6.70M	-3.93M	-3.93M	-606.46K
	Investing Cash Flow
-150.90K	-177.40K	26.90K	20.56K	136.72K
	Financing Cash Flow
10.76M	6.42M	1.14M	7.25M	1.65M

Forum Energy Metals Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FMC, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.79 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FMC.

Forum Energy Metals Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPL	61 Neutral	C$14.34M	2.22	-1.74%	―	-1.60%	-103.61%
Sector *	56 Neutral	$7.06B	3.68	-4.87%	5.83%	0.28%	-51.94%
BEX	40 Underperform	C$12.95M	―	-38.92%	―	―	-1080.77%
WLF	40 Underperform	C$10.71M	―	-514.57%	―	―	64.12%
FMC	37 Underperform	C$13.65M	―	-242.26%	―	―	-57.21%
BAY	36 Underperform	C$12.65M	―	-349.78%	―	―	-184.91%

Forum Energy Metals Corp Corporate Events

Forum Energy Metals and Global Uranium Complete Key Exploration Phase in Saskatchewan

Forum Energy Metals Corp. and Global Uranium Corp. have completed a diamond drilling program and geophysical surveys on the Northwest Athabasca Project in Saskatchewan, confirming the project’s potential for uranium mineralization. The recent exploration efforts, which included overcoming logistical challenges, have provided valuable insights into the subsurface systems, enhancing the companies’ understanding and future exploration strategies. This development underscores the strategic value of the project, with implications for advancing uranium exploration in the region.

Spark’s Take on TSE:FMC Stock

According to Spark, TipRanks’ AI Analyst, TSE:FMC is a Underperform.

The overall stock score reflects the company’s significant financial challenges, including no revenue, persistent losses, and negative cash flows. While recent positive corporate events indicate potential future growth, the current financial and technical conditions are weak. The stock remains a high-risk investment, primarily due to its financial instability and lack of earnings, despite some positive exploration developments.

To see Spark’s full report on TSE:FMC stock, click here.

Forum Energy Metals and Global Uranium Launch Drilling at Athabasca Project

Forum Energy Metals Corp. and Global Uranium Corp. have commenced diamond drilling and geophysical surveys at the Northwest Athabasca Project in Saskatchewan, Canada. This initiative aims to explore high-potential uranium deposits, leveraging historical data to refine targeting strategies. The project involves collaboration with local communities and First Nations, and the completion of camp construction and logistics marks a significant step forward in the exploration efforts.

Forum Energy Metals Uncovers Promising Uranium Levels in Thelon Basin

Forum Energy Metals Corp has announced significant drill results indicating elevated uranium values at the Ayra and Loki grids in the Thelon Basin. This discovery marks the first major evidence of unconformity-style uranium mineralization at the sandstone/basement contact, suggesting potential for Tier One uranium deposits. The findings, which include high uranium concentrations in both the sandstone and basement, could signify a game-changing discovery for the company and enhance its position in the uranium mining sector.

Forum Energy Metals and Global Uranium Launch New Exploration Phase in Saskatchewan

Forum Energy Metals Corp. and Global Uranium Corp. have commenced the construction of a 20-person camp at the Northwest Athabasca Project in Saskatchewan, Canada, and planned geophysical surveys, including Time Domain Electromagnetic and Direct Current Resistivity, which will start in March. These surveys aim to refine drill targeting at the Spring Bay target, which is known for its strong gravity low anomaly and historical uranium findings, thus enhancing the project’s potential value and positioning the companies to capitalize on the site’s resources.