Forsys Metals Corp J (TSE:FSY)
TSX:FSY
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Forsys Metals
(TSX:FSY)
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Rating:49Neutral
Price Target:
C$0.53
▲(25.48% Upside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow), despite a strong, low-risk balance sheet with zero debt. Technicals are supportive due to strong recent momentum above key moving averages, but overbought indicators temper that positive signal. Valuation is also constrained by the negative P/E and lack of a dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt and a sizable equity base (~$42.5M of equity vs ~$44.1M assets) materially reduce solvency risk and provide a multi-year capital buffer. This financial flexibility supports continued feasibility work at Norasa without immediate default risk, preserving optionality to time project funding.
Negative Factors
No operating revenue
Absence of any operating revenue means the business cannot self-sustain or demonstrate margin resilience; value rests entirely on asset appraisal and future development. This lack of revenue amplifies execution risk and leaves the company dependent on capital markets or equity to fund operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and a sizable equity base (~$42.5M of equity vs ~$44.1M assets) materially reduce solvency risk and provide a multi-year capital buffer. This financial flexibility supports continued feasibility work at Norasa without immediate default risk, preserving optionality to time project funding.
Read all positive factors
Forsys Metals (FSY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$122.36M
Dividend YieldN/A
Average Volume (3M)694.61K
Price to Earnings (P/E)―
Beta (1Y)1.77
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 Ratio1.10
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. functions as an exploration firm dedicated to acquiring, exploring, and developing mineral properties throughout Namibia, Africa. The company primarily targets deposits of uranium and gold. Its principal undertaking is the Nora...
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
Positive
0.42
Price Trends
0.37
Positive
0.38
Positive
0.40
Positive
Market Momentum
0.03
Negative
67.68
Neutral
87.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FSY, the sentiment is Positive. 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 0.40, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 67.68 is Neutral, neither overbought nor oversold. The STOCH value of 87.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$122.36M | -58.99 | -6.40% | ― | ― | 17.09% | |
49 Neutral | C$60.88M | -10.97 | -10.54% | ― | ― | -5.06% | |
47 Neutral | C$25.81M | 0.17 | -613.46% | ― | ― | -107.25% | |
45 Neutral | C$49.94M | -8.20 | -36.80% | ― | ― | 66.69% | |
41 Neutral | C$78.23M | -14.64 | -8.67% | ― | ― | -26.88% |
* Basic Materials Sector Average
TSE:FSY
Forsys Metals
0.48
-0.19
-28.36%
TSE:CDB
Cordoba Minerals
0.26
0.21
453.19%
TSE:SAG
Sterling Metals
1.08
0.68
170.00%
TSE:NWST
Northwest Copper
0.29
0.10
56.76%
TSE:DEFN
Defense Metals
0.15
-0.03
-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.