Fortune Bay Corp (TSE:FOR)
:FOR
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FOR Stock Chart & Stats
C$0.78
C$0.02(8.89%)
At close: 4:00 PM EST
C$0.78
C$0.02(8.89%)
Day’s Range― - ―
52-Week RangeC$0.50 - C$1.17
Previous CloseN/A
Volume10.00K
Average Volume (3M)61.02K
Market Cap
C$39.48M
Enterprise ValueC$31.57M
Total Cash (Recent Filing)C$8.04M
Total Debt (Recent Filing)C$0.00
Price to Earnings (P/E)―
Beta2.03
Next Earnings
May 28, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding68,076,680
10 Day Avg. Volume61,615
30 Day Avg. Volume61,017
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)1.28
Price to Sales (P/S)0.00
P/FCF Ratio-27.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage And Stronger Equity BaseA very low debt load and a materially larger equity base provide durable financial flexibility for an exploration firm. This reduces near-term refinancing risk, supports multi-year funding of exploration programs, and preserves optionality for JV or asset-sale strategies.
Focused Exploration-stage Business ModelA concentrated strategy on acquiring and advancing exploration-stage gold and other mineral targets creates long-term optionality: successful discoveries can convert into high-value deposits or sale/joint-venture opportunities. The model suits capital-efficient value creation if managed prudently.
Narrowing Net Losses In Latest YearA reduction in net losses signals improving cost control or operational efficiency, which can extend runway and reduce funding frequency. If sustained, this trend meaningfully improves the company’s ability to advance projects before raising additional capital.
Bears Say
No Operating RevenueZero revenue means the business cannot self-fund exploration or demonstrate commercial cash generation; the firm is structurally reliant on external capital or asset transactions. Over time this increases dilution risk and makes long-term sustainability contingent on financing or a material discovery.
Worsening Cash Burn In 2025Operating and free cash flow deteriorated materially in 2025, increasing dependence on external funding. Rising cash burn strains the balance sheet over the medium term, elevates financing frequency and dilution risk, and reduces the company’s ability to pursue optionality without new capital.
Persistent Losses Eroding Returns On EquityOngoing losses erode shareholder equity over time even with low leverage. Without conversion to production or accretive transactions, continued negative returns threaten the equity buffer and can force unfavorable financing terms or asset sales, limiting long-term value creation.
FOR FAQ
What was Fortune Bay Corp’s price range in the past 12 months?
Fortune Bay Corp lowest stock price was C$0.49 and its highest was C$1.17 in the past 12 months.
What is Fortune Bay Corp’s market cap?
Fortune Bay Corp’s market cap is C$39.48M.
When is Fortune Bay Corp’s upcoming earnings report date?
Fortune Bay Corp’s upcoming earnings report date is May 28, 2026 which is in 7 days.
How were Fortune Bay Corp’s earnings last quarter?
Currently, no data Available
Is Fortune Bay Corp overvalued?
According to Wall Street analysts Fortune Bay Corp’s price is currently Overvalued.
Does Fortune Bay Corp pay dividends?
Fortune Bay Corp does not currently pay dividends.
What is Fortune Bay Corp’s EPS estimate?
Fortune Bay Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Fortune Bay Corp have?
Fortune Bay Corp has 68,076,680 shares outstanding.
What happened to Fortune Bay Corp’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Fortune Bay Corp?
Currently, no hedge funds are holding shares in TSE:FOR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Fortune Bay Stock Smart Score
Underperform
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
350.00%
12-Months-Change
Fundamentals
Return on Equity
-4.58%
Trailing 12-Months
Asset Growth
38.67%
Trailing 12-Months
Company Description
Fortune Bay Corp
Fortune Bay Corp. acquires, explores for, and develops mineral properties. It primarily explores for gold deposits. The company holds a 100% interest in the Goldfields project comprises 12 mineral dispositions covering an area of approximately 5,000 hectares located in northern Saskatchewan, Canada; the Strike Uranium project that comprises four mineral dispositions covering an area of approximately 10,000 hectares located near Uranium City, northern Saskatchewan, Canada; the Murmac Uranium project, which consists of 10 mineral claims covering an area of approximately 5,300 hectares located in northern Saskatchewan, Canada; and the Ixhuatán project that consists of the 4,176 hectares of Rio Negro concession located in northern Chiapas State, Mexico. It also owns 2% net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. The company is headquartered in Halifax, Canada.
Technical Analysis
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Leviathan Gold
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Options Prices
Currently, No data available
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