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Fortune Bay
(FOR)
Fortune Bay (FOR) vs. S&P 500 (SPY)
Fortune Bay Business Overview & Revenue Model
Fortune Bay Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -16.02K | -5.36K | -5.80K | -1.13K | -2.84K | EBIT |
| -1.20M | -1.57M | -1.73M | -1.01M | -485.62K | EBITDA |
| -1.20M | -1.46M | -1.87M | -945.19K | -442.21K | Net Income Common Stockholders |
| -1.39M | -1.37M | -1.83M | -1.09M | -613.84K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 585.16K | 531.84K | 6.51M | 3.04M | 23.45K | Total Assets |
| 24.10M | 23.73M | 24.80M | 19.00M | 15.57M | Total Debt |
| 499.20K | 0.00 | 0.00 | 190.58K | 265.20K | Net Debt |
| -85.96K | -531.84K | -6.51M | -2.85M | 241.75K | Total Liabilities |
| 1.57M | 849.55K | 1.05M | 1.01M | 1.10M | Stockholders Equity |
| 22.53M | 22.88M | 23.75M | 18.00M | 14.47M |
| Cash Flow | Free Cash Flow | |||
| -1.11M | -6.00M | -4.03M | -1.45M | -349.66K | Operating Cash Flow |
| -714.35K | -1.16M | -1.65M | -1.10M | -164.40K | Investing Cash Flow |
| -387.35K | -4.82M | -2.38M | -354.46K | -185.26K | Financing Cash Flow |
| 1.16M | 0.00 | 7.50M | 4.47M | 265.20K |
Fortune Bay Technical Analysis
Fortune Bay Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $8.46B | 11.05 | 5.34% | 4.35% | 3.09% | -12.05% | |
47 Neutral | C$26.29M | ― | -6.70% | ― | ― | 1.25% | |
45 Neutral | $24.03M | ― | -182.89% | ― | ― | 57.01% | |
43 Neutral | C$23.92M | ― | -5.28% | ― | ― | 6.12% | |
43 Neutral | C$26.71M | ― | -31.15% | ― | ― | -307.23% | |
39 Underperform | $23.57M | ― | ― | ― | 65.24% | ||
38 Underperform | C$25.01M | ― | -1021.08% | ― | ― | 61.00% |
Fortune Bay Corporate Events
Fortune Bay Corp. has announced plans to advance its Goldfields Project in Saskatchewan and the Ixhuatán Project in Mexico, which will be renamed the Poma Rosa Project. The company is commissioning an updated Preliminary Economic Assessment for the Goldfields Project to optimize its economic and permitting prospects, while also engaging in community consultations and environmental studies. For the Poma Rosa Project, Fortune Bay is working on exploration agreements and a review of historical mineral resources to update its resource estimates. These initiatives are supported by recent capital raises and are expected to create near-term catalysts for value creation, leveraging the current favorable gold market conditions.
Spark’s Take on TSE:FOR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FOR is a Neutral.
Fortune Bay’s score is primarily impacted by its lack of revenue and profitability, offset slightly by a solid equity position. Technical indicators show some positive momentum, but the valuation remains weak due to negative earnings. The absence of an earnings call or new corporate events maintains focus on these existing challenges.
To see Spark’s full report on TSE:FOR stock, click here.
Fortune Bay Corp. has successfully closed a non-brokered private placement, raising $3,000,000 through the issuance of 9,375,000 units. The proceeds will be used to advance the company’s projects in Canada and Mexico, as well as for general corporate purposes. The involvement of Numus Capital Corp. as a finder and the participation of insiders in the offering constitute a related party transaction, with exemptions applied under MI 61-101 regulations. This financial move is expected to support Fortune Bay’s growth strategy and enhance its project development capabilities.
Spark’s Take on TSE:FOR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FOR is a Neutral.
Fortune Bay’s score is primarily impacted by its lack of revenue and profitability, offset slightly by a solid equity position. Technical indicators show some positive momentum, but the valuation remains weak due to negative earnings. The absence of an earnings call or new corporate events maintains focus on these existing challenges.
To see Spark’s full report on TSE:FOR stock, click here.
Fortune Bay Corp. has announced an increase in its non-brokered private placement to raise up to $3,000,000. The funds will be used to advance projects in Canada and Mexico and for general corporate purposes. The offering is subject to TSX Venture Exchange approval and includes participation from company insiders, which is considered a related party transaction. This move is expected to support Fortune Bay’s growth strategy and enhance its market positioning by providing the necessary capital for project development.
Spark’s Take on TSE:FOR Stock
According to Spark, TipRanks’ AI Analyst, (TSE:FOR) is a Neutral.
Fortune Bay’s score is primarily impacted by its lack of revenue and profitability, offset slightly by a solid equity position. Technical indicators show some positive momentum, but the valuation remains weak due to negative earnings. The absence of an earnings call or new corporate events maintains focus on these existing challenges.
To see Spark’s full report on (TSE:FOR) stock, click here.
Fortune Bay Corp. announced its intention to complete a non-brokered private placement to raise up to $2.8 million, issuing up to 8,750,000 units. The proceeds will be used to advance projects in Canada and Mexico, with potential insider participation considered a related party transaction exempt from certain regulatory requirements. This move is expected to support the company’s growth strategy and enhance its market positioning.
Fortune Bay Corp. has commenced drilling at the Murmac Uranium Project in northern Saskatchewan, in collaboration with Aero Energy Limited. The drilling program targets high-grade uranium deposits at Howland Lake, with plans for up to six drill holes totaling approximately 900 meters. This initiative is part of a strategic effort to explore priority targets with potential for significant basement-hosted uranium discoveries, enhancing Fortune Bay’s positioning in the uranium exploration sector.
Fortune Bay Corp. has announced its winter drill targets for the Murmac Uranium Project, with a drilling program set to commence in March 2025. The project, funded by Aero Energy Limited, identified strong radon-in-water anomalies, suggesting high-grade uranium deposits. The planned drilling will test these anomalies, potentially enhancing the project’s value and positioning Fortune Bay as a significant player in the uranium exploration sector.
Fortune Bay Corp. has announced its winter drill targets for the Murmac Uranium Project in northern Saskatchewan, following a successful radon-in-water survey. The survey identified strong radon anomalies along electromagnetic conductors, which are indicative of potential uranium deposits. The upcoming drilling program, funded by Aero Energy Limited, aims to test these promising targets, potentially enhancing Fortune Bay’s positioning in the uranium exploration sector.