Forsys Metals (FSY) AI Stock Analysis

• Market Cap: C$124.30M
• Dividend Yield: N/A
• Average Volume (3M): 423.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.59
• Revenue Growth: N/A
• EPS Growth: 54.70%
• Country: CA
• Employees: 12
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 210,679,470
• 10 Day Avg. Volume: 453,630
• 30 Day Avg. Volume: 423,380
• PEG Ratio: -0.15
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -39.31
• 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

• Rating: 39 Underperform
• Price Target: ―

Forsys Metals faces significant financial performance challenges with zero revenue and ongoing cash burn, heavily impacting the score. Technical analysis suggests neutral momentum, but valuation metrics remain weak due to negative earnings. While recent corporate events show promise, they have yet to materially impact the financials, keeping the overall score low.

Forsys Metals Business Overview & Revenue Model

Company Description

Forsys Metals Corp (FSY) is a Canadian-based mining company primarily engaged in the acquisition, exploration, and development of uranium properties in Namibia, Africa. The company focuses on advancing its flagship asset, the Norasa Project, which encompasses the Valencia and Namibplaas uranium projects. Forsys Metals is committed to contributing to the global energy sector by providing a stable supply of uranium, a critical component for nuclear power generation.

How the Company Makes Money

Forsys Metals makes money through the exploration and development of its uranium assets, which are poised to supply the global nuclear power industry. The company's revenue model hinges on the successful advancement of its uranium projects to a stage where they can be mined and sold. Key revenue streams include potential sales of uranium extracted from its flagship Norasa Project once operational. Additionally, Forsys Metals may engage in partnerships or joint ventures with other mining companies or energy providers to fund and expedite project development. The company's earnings are influenced by uranium market prices, regulatory approvals, and its ability to manage exploration and operational costs efficiently.

Forsys Metals Financial Statement Overview

Summary

Forsys Metals presents a concerning financial picture with zero revenue generation and persistent losses. The strong equity position is a positive aspect, yet the ongoing cash burn and lack of revenue cast doubts on sustainability. The company needs to address its operational challenges to achieve financial stability.

Income Statement

The company has not generated any revenue over the past several years, indicating a lack of operational income. The net income is consistently negative, and the EBIT and EBITDA margins are not applicable due to the absence of revenue. This highlights the company's struggle to achieve profitability and growth.

Balance Sheet

The balance sheet shows a strong equity position with no debt, as indicated by the debt-to-equity ratio of zero. The equity ratio remains high, suggesting financial stability. However, the declining total assets over time may indicate potential issues in asset management.

Cash Flow

The company is experiencing negative operating cash flow, and its free cash flow is significantly negative, suggesting ongoing cash burn. Free cash flow has deteriorated considerably, and there is a lack of positive cash flow generation from operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	-2.61M	383.40K	-9.77M	-3.85M	-766.57K
Net Income	-2.66M	-5.82M	1.96M	-3.86M	-764.22K
Balance Sheet
Total Assets	21.62M	24.27M	27.32M	24.86M	14.20M
Cash, Cash Equivalents and Short-Term Investments	3.33M	12.41M	16.92M	12.56M	876.97K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	342.73K	2.04M	2.15M	78.84K	142.81K
Stockholders Equity	21.28M	22.24M	25.17M	24.78M	14.05M
Cash Flow
Free Cash Flow	-10.05M	-4.78M	-3.18M	-1.42M	-780.30K
Operating Cash Flow	-4.19M	-2.71M	-2.86M	-1.35M	-744.66K
Investing Cash Flow	-5.56M	-1.47M	6.87M	-69.93K	-34.26K
Financing Cash Flow	629.00K	0.00	0.00	13.12M	991.61K

Forsys Metals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.59
• 50DMA: Positive
• 100DMA: Positive
• 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:FSY, the sentiment is Neutral. The current price of 0.59 is below the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.56, and below the 200-day MA of 0.59, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 17.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:FSY.

Forsys Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NKG	46 Neutral	$65.73M	―	-57.33%	―	―	78.66%
PML	46 Neutral	C$134.83M	―	-4.53%	―	―	45.71%
CVV	45 Neutral	C$161.52M	―	-55.96%	―	―	19.32%
Sector *	44 Neutral	C$979.74M	-6.70	-13.35%	2.68%	17.20%	-32.62%
MSR	42 Neutral	C$107.22M	11.27	70.41%	―	―	―
FSY	39 Underperform	C$124.30M	―	-9.75%	―	―	54.70%
AHR	34 Underperform	C$172.73M	―	-516.26%	―	―	37.82%

Forsys Metals Corporate Events

Forsys Metals Announces Positive Ore Sorting Results at Norasa Project

Forsys Metals Corp. has reported positive results from ore-sorting testwork at its Norasa Uranium project, which could enhance processing efficiency and reduce operating costs. The successful exploratory evaluations have led to further confirmatory testwork, with results expected by the end of Q2 2025, potentially impacting the company’s operational efficiency and market positioning.

Spark’s Take on TSE:FSY Stock

According to Spark, TipRanks’ AI Analyst, TSE:FSY is a Neutral.

Forsys Metals’ overall stock score reflects significant financial performance challenges, including zero revenue and cash burn. Despite technical indicators showing positive momentum, the company’s valuation remains weak due to negative earnings. Recent corporate events are promising but have yet to translate into financial results.

To see Spark’s full report on TSE:FSY stock, click here.

Stefano Roma Increases Stake in Forsys Metals Corp.

Stefano Roma, a director of Forsys Metals Corp., has acquired 5,687,500 units of the company through a private placement, increasing his ownership to 31.23% of the company’s common shares on an undiluted basis. This acquisition, intended for investment purposes, could influence Roma’s future actions regarding his holdings, potentially impacting Forsys Metals’ market positioning and stakeholder interests.

Forsys Metals Announces Promising Drilling Results at Norasa Uranium Project

Forsys Metals Corp. has reported additional interim drilling results from its ongoing Resource Extension and Exploration drilling program at the Norasa Uranium project. The results, which include significant uranium mineralization at the Valencia and Jolie Zone deposits, indicate a strong potential to expand and upgrade resources, thereby enhancing the project’s economic viability and extending its mine life.

Forsys Metals Completes C$5 Million Private Placement to Advance Uranium Project

Forsys Metals Corp. has completed a non-brokered private placement, raising C$5,005,000 through the issuance of 10,010,000 units, each comprising one common share and a warrant. Proceeds will fund the Norasa Uranium project in Namibia and general working capital. The placement was fully subscribed by company management and board members, making it a related party transaction. Post-placement, stakeholder Stefano Roma increased his ownership to 31.23% of the company, reflecting potential changes in shareholder dynamics.