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$45.61M
Enterprise ValueC$34.30M
Total Cash (Recent Filing)C$8.04M
Total Debt (Recent Filing)C$0.00
Price to Earnings (P/E)―
Beta1.95
Next Earnings
May 22, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
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 Larger Equity BaseThe balance sheet shows very low leverage and a meaningful equity increase in 2025, giving the company a longer funding runway and financial flexibility to pursue exploration. Low debt reduces refinancing risk and supports strategic optionality for capital-intensive project advancement.
Focused Exploration-stage Business ModelA clear, disciplined focus on early-stage exploration concentrates management expertise and capital on discovery and asset advancement. That specialization preserves upside optionality from potential discoveries and aligns the company with structural demand for resource discovery in the gold sector.
Improving Net Loss TrendYear-over-year narrowing of net losses indicates progress on cost control or operational efficiency. Sustained reduction in losses can extend cash runway, reduce near-term financing needs, and demonstrate improving execution against exploration budgets over the medium term.
Bears Say
Zero Revenue GenerationThe company has no operating revenue, reflecting its explorer status but leaving no internal cash generation. Without monetized assets or production, the firm must continually access external capital to fund operations, making long-term viability contingent on financing or successful asset monetization.
Persistent And Increasing Cash BurnOperating and free cash flows are negative every year and worsened materially in 2025, increasing reliance on external funding. Continued negative cash generation pressures liquidity and forces equity or debt raises, which can dilute shareholders or increase financing costs over time.
Negative Returns On Equity Risking Capital ErosionDespite higher equity, the company remains loss-making with negative ROE. Prolonged losses can deplete equity buffers, necessitating recurring capital injections and increasing dilution risk, undermining long-term shareholder value unless operations shift toward profitability or a sale/partnering event occurs.
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$45.61M.
When is Fortune Bay Corp’s upcoming earnings report date?
Fortune Bay Corp’s upcoming earnings report date is May 22, 2026 which is in 23 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
-6.44%
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
Galleon Gold
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Freeman Gold Corp
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Abitibi Metals
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Awale Resources Limited
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Leviathan Gold
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Options Prices
Currently, No data available
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