Fortune Bay (FOR) AI Stock Analysis

• Market Cap: C$42.21M
• Dividend Yield: N/A
• Average Volume (3M): 61.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.96
• Revenue Growth: N/A
• EPS Growth: 1.39%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 68,076,680
• 10 Day Avg. Volume: 61,615
• 30 Day Avg. Volume: 61,017
• PEG Ratio: 7.23
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.15
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.92 ▲(17.69% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held back primarily by pre-revenue financial performance with ongoing losses and negative free cash flow, partially offset by a strong, low-debt balance sheet. Technical indicators are moderately constructive, while valuation is constrained by a negative P/E and no indicated dividend yield.

Positive Factors

Low financial leverage

A zero reported debt load is a durable strength for an exploration company: it lowers solvency risk, reduces fixed financing costs, and preserves strategic optionality to pursue drilling, partnerships or acquisitions without servicing interest, improving resilience across cycles.

Negative Factors

Pre-revenue operations

Remaining pre-revenue is a persistent fundamental constraint: value depends on exploration success rather than operating cash flow. Continued net losses indicate limited internal value realization and lengthen the timeline and uncertainty to achieve monetization or partner interest.

Fortune Bay Business Overview & Revenue Model

Company Description

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 5,0...

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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 5,0...

How the Company Makes Money

Fortune Bay generates revenue through the exploration, development, and eventual production of mineral resources, with a primary focus on gold and uranium. As a junior exploration company, its main revenue streams include the sale of mineral right...

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Fortune Bay generates revenue through the exploration, development, and eventual production of mineral resources, with a primary focus on gold and uranium. As a junior exploration company, its main revenue streams include the sale of mineral right...

Fortune Bay Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-2.67K	-2.86K	-16.02K	-5.36K	-5.80K	-1.13K
EBITDA	-1.20M	-1.15M	-1.20M	-1.54M	-1.87M	-1.01M
Net Income	-1.49M	-1.49M	-1.39M	-1.37M	-1.83M	-1.09M
Balance Sheet
Total Assets	26.16M	24.64M	24.10M	23.73M	24.80M	19.00M
Cash, Cash Equivalents and Short-Term Investments	1.23M	626.38K	585.16K	531.84K	6.51M	3.04M
Total Debt	0.00	543.93K	499.20K	0.00	0.00	190.58K
Total Liabilities	1.89M	2.68M	1.57M	849.55K	1.05M	1.01M
Stockholders Equity	24.27M	21.96M	22.53M	22.88M	23.75M	18.00M
Cash Flow
Free Cash Flow	-2.17M	-528.72K	-1.11M	-6.00M	-4.03M	-1.45M
Operating Cash Flow	-1.40M	-511.48K	-714.35K	-1.16M	-1.65M	-1.10M
Investing Cash Flow	-633.48K	-209.94K	-387.35K	-4.82M	-2.38M	-354.46K
Financing Cash Flow	2.59M	592.92K	1.16M	0.00	7.50M	4.47M

Fortune Bay Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FOR, the sentiment is Negative. The current price of 0.78 is above the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.81, and below the 200-day MA of 0.79, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 34.94 is Neutral, neither overbought nor oversold. The STOCH value of 19.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FOR.

Fortune Bay Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARIC	58 Neutral	C$84.11M	-15.92	-13.22%	―	―	33.77%
FOR	54 Neutral	C$42.21M	-29.36	-6.44%	―	―	1.39%
FMAN	52 Neutral	C$98.44M	-8.16	-15.57%	―	―	-58.88%
AMQ	47 Neutral	C$91.32M	-12.67	-9.27%	―	―	―
GGO	43 Neutral	C$124.06M	-11.76	-3.83%	―	―	―
LVX	43 Neutral	C$59.33M	-13.21	-22.48%	―	―	28.32%

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