Fortune Bay Corp (TSE:FOR)
:FOR
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Fortune Bay
(FOR)
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Rating:52Neutral
Price Target:
C$0.66
▼(-15.77% Downside)
Action:Reiterated
Date:06/06/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partially offset by a low-debt balance sheet that reduces near-term solvency risk. Technicals are moderately supportive with price above key averages, but overbought momentum signals add near-term risk. Valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Low Financial Leverage
Essentially zero debt materially reduces solvency risk and interest burden, giving management flexibility to fund exploration by equity or earn-in deals. Over a multi-month horizon this lowers default risk and preserves optionality to pursue value-accretive project work.
Negative Factors
No Revenue, Recurring Losses
Persistent pre-revenue status and recurring net losses mean the business cannot self-fund operations; it remains dependent on external capital. Over months this limits ability to scale activities sustainably and delays value realization until a commercial asset is established.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Essentially zero debt materially reduces solvency risk and interest burden, giving management flexibility to fund exploration by equity or earn-in deals. Over a multi-month horizon this lowers default risk and preserves optionality to pursue value-accretive project work.
Read all positive factors
Fortune Bay (FOR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$46.97M
Dividend YieldN/A
Average Volume (3M)61.02K
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue GrowthN/A
EPS Growth14.41%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
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
Fortune Bay Business Overview & Revenue Model
Company Description
Fortune Bay Corp. is an enterprise engaged in the acquisition, exploration, and development of mineral properties, with a primary focus on uncovering gold deposits. The company boasts a diverse portfolio of wholly-owned assets. These include the G...
How the Company Makes Money
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Fortune Bay Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.82K | -2.86K | -16.02K | -5.36K | -5.80K |
| EBITDA | -1.64M | -1.15M | -1.20M | -1.54M | -1.87M |
| Net Income | -1.17M | -1.49M | -1.39M | -1.37M | -1.83M |
Balance Sheet | |||||
| Total Assets | 34.17M | 24.64M | 24.10M | 23.73M | 24.80M |
| Cash, Cash Equivalents and Short-Term Investments | 8.04M | 626.38K | 585.16K | 531.84K | 6.51M |
| Total Debt | 0.00 | 543.93K | 499.20K | 0.00 | 0.00 |
| Total Liabilities | 2.63M | 2.68M | 1.57M | 849.55K | 1.05M |
| Stockholders Equity | 31.55M | 21.96M | 22.53M | 22.88M | 23.75M |
Cash Flow | |||||
| Free Cash Flow | -1.50M | -528.72K | -1.11M | -6.00M | -4.03M |
| Operating Cash Flow | -1.48M | -511.48K | -714.35K | -1.16M | -1.65M |
| Investing Cash Flow | -1.46M | -209.94K | -387.35K | -4.82M | -2.38M |
| Financing Cash Flow | 10.39M | 592.92K | 1.16M | 0.00 | 7.50M |
Fortune Bay Technical Analysis
Positive
0.78
Price Trends
0.64
Positive
0.71
Negative
0.78
Negative
Market Momentum
0.01
Negative
54.71
Neutral
41.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FOR, the sentiment is Positive. The current price of 0.78 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.64, and below the 200-day MA of 0.78, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.71 is Neutral, neither overbought nor oversold. The STOCH value of 41.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FOR.
Fortune Bay Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$106.80M | -50.21 | -7.69% | ― | ― | 89.17% | |
52 Neutral | C$46.97M | -25.52 | -6.54% | ― | ― | 14.41% | |
52 Neutral | C$95.36M | -14.57 | -15.57% | ― | ― | -502.38% | |
51 Neutral | C$69.22M | -9.79 | -22.48% | ― | ― | 1.72% | |
46 Neutral | C$148.63M | -15.04 | -15.01% | ― | ― | -59.91% | |
46 Neutral | C$89.25M | -26.08 | -12.12% | ― | ― | 32.80% |
* Basic Materials Sector Average
TSE:FOR
Fortune Bay
0.68
0.00
0.00%
TSE:GGO
Galleon Gold
1.06
0.79
295.52%
TSE:FMAN
Freeman Gold Corp
0.31
0.16
117.86%
TSE:AMQ
Abitibi Metals
0.70
0.45
185.71%
TSE:ARIC
Awale Resources Limited
0.75
0.22
41.51%
TSE:LVX
Leviathan Gold
0.66
0.31
88.57%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.