Forsys Metals Corp J (TSE:FSY)
TSX:FSY
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Forsys Metals
(TSX:FSY)
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Rating:44Neutral
Price Target:
C$0.36
▼(-13.33% Downside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent negative cash flow), partially cushioned by a strong balance sheet with no debt and substantial equity. Technical indicators are neutral-to-slightly negative, and valuation metrics offer limited support due to negative earnings and no dividend yield.
Positive Factors
Strong Balance Sheet
Zero reported debt and roughly $42.5M of equity create durable financial flexibility. This large equity cushion reduces solvency risk, supports funding of development milestones without immediate debt pressure, and provides a multi-month buffer against operational cash burn.
Negative Factors
No Revenue
Zero reported revenues mean the firm has no operating income stream to fund growth or cover costs. Over the medium term this forces reliance on capital markets or partners to finance development, raising dilution and execution risk while undermining margin or profitability metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Zero reported debt and roughly $42.5M of equity create durable financial flexibility. This large equity cushion reduces solvency risk, supports funding of development milestones without immediate debt pressure, and provides a multi-month buffer against operational cash burn.
Read all positive factors
Forsys Metals (FSY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$85.65M
Dividend YieldN/A
Average Volume (3M)694.61K
Price to Earnings (P/E)―
Beta (1Y)1.89
Revenue GrowthN/A
EPS Growth17.09%
CountryCA
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding244,725,460
10 Day Avg. Volume1,030,912
30 Day Avg. Volume694,613
Financial Highlights & Ratios
PEG Ratio1.19
Price to Book (P/B)1.44
Price to Sales (P/S)0.00
P/FCF Ratio-9.50
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
Forsys Metals Business Overview & Revenue Model
Company Description
Forsys Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Namibia, Africa. The company explores for uranium and gold mineral properties. Its flagship project is Norasa Uran...
How the Company Makes Money
null...
Forsys Metals Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
71
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.13M | -2.61M | 383.40K | -9.77M | -3.85M |
| Net Income | -1.99M | -2.66M | -5.82M | 1.96M | -3.86M |
Balance Sheet | |||||
| Total Assets | 45.17M | 21.62M | 24.27M | 27.32M | 24.86M |
| Cash, Cash Equivalents and Short-Term Investments | 18.71M | 3.33M | 12.41M | 16.92M | 12.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.65M | 342.73K | 2.04M | 2.15M | 78.84K |
| Stockholders Equity | 43.52M | 21.28M | 22.24M | 25.17M | 24.78M |
Cash Flow | |||||
| Free Cash Flow | -6.60M | -10.05M | -4.78M | -3.18M | -1.42M |
| Operating Cash Flow | -2.26M | -4.19M | -2.71M | -2.86M | -1.35M |
| Investing Cash Flow | -4.81M | -5.56M | -1.47M | 6.87M | -69.93K |
| Financing Cash Flow | 22.29M | 629.00K | 0.00 | 0.00 | 13.12M |
Forsys Metals Technical Analysis
Negative
0.42
Price Trends
0.37
Negative
0.39
Negative
0.41
Negative
Market Momentum
>-0.01
Positive
41.80
Neutral
28.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FSY, the sentiment is Negative. The current price of 0.42 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.37, and above the 200-day MA of 0.41, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 28.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FSY.
Forsys Metals 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% | |
49 Neutral | C$74.63M | -12.86 | -10.54% | ― | ― | -5.06% | |
47 Neutral | C$27.89M | -0.36 | -613.46% | ― | ― | -107.25% | |
44 Neutral | C$85.65M | -36.33 | -6.40% | ― | ― | 17.09% | |
43 Neutral | C$54.04M | -3.32 | -72.70% | ― | ― | 59.87% | |
41 Neutral | C$87.81M | -14.44 | -8.67% | ― | ― | -26.88% |
* Basic Materials Sector Average
TSE:FSY
Forsys Metals
0.33
-0.20
-37.50%
TSE:CDB
Cordoba Minerals
0.31
0.27
588.89%
TSE:SAG
Sterling Metals
1.10
0.84
323.08%
TSE:NWST
Northwest Copper
0.33
0.14
69.23%
TSE:DEFN
Defense Metals
0.18
0.02
16.67%
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.