Fortune Bay (FOR) AI Stock Analysis

• Market Cap: C$27.75M
• Dividend Yield: N/A
• Average Volume (3M): 114.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: 31.01%
• Country: CA
• Employees: N/A
• Sector: Utilities
• Sector Strength: 87
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 48,684,520
• 10 Day Avg. Volume: 74,872
• 30 Day Avg. Volume: 114,390
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 136.10
• P/FCF Ratio: 0.00
• 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

Fortune Bay's score is primarily impacted by its lack of revenue and profitability, offset slightly by a solid equity position. Technical indicators show some positive momentum, but the valuation remains weak due to negative earnings. The absence of an earnings call or new corporate events maintains focus on these existing challenges.

Fortune Bay Business Overview & Revenue Model

Company Description

Fortune Bay Corp (FOR) is a Canadian mining company focused on the exploration and development of mineral properties. The company primarily operates in the gold mining sector, with its core projects located in Canada, including the Goldfields Project in Saskatchewan and the Strike Uranium Project. Fortune Bay is committed to advancing its projects through strategic exploration and development initiatives, aiming to unlock the potential of its mineral assets.

How the Company Makes Money

Fortune Bay Corp generates revenue primarily through the exploration and potential development of mineral resources, specifically gold. The company seeks to increase the value of its projects by conducting extensive exploration activities to expand mineral resources, which can attract investments and partnerships. Additionally, Fortune Bay may enter into joint ventures or sell interests in its properties to finance further exploration and development. Revenue is also potentially generated through the eventual extraction and sale of gold and other minerals once the projects reach production stage. The company's earnings are significantly influenced by commodity prices, exploration success, and its ability to secure funding and strategic partnerships.

Fortune Bay Financial Statement Overview

Summary

Fortune Bay struggles with profitability and cash generation, typical for non-revenue-generating mining entities. While equity is robust, the absence of revenue and reliance on financing are critical issues needing resolution for sustainable growth.

Income Statement

Fortune Bay has no revenue generation, resulting in perpetual losses. The negative EBIT and EBITDA margins highlight operational challenges. The company has yet to achieve profitability, as evidenced by consistently negative net income.

Balance Sheet

The company exhibits a strong equity position with a high equity ratio, indicating substantial stockholder backing. However, the presence of debt, albeit modest, and rising liabilities could pose risks if not managed effectively.

Cash Flow

Negative operating cash flow and free cash flow suggest cash burn, offset partially by financing activities. Lack of revenue impacts cash flow metrics, highlighting a reliance on external funding.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.17K	-16.02K	-5.36K	-5.80K	-1.13K	-2.84K
	EBIT
-743.77K	-1.20M	-1.57M	-1.73M	-1.01M	-485.62K
	EBITDA
-1.08M	-1.20M	-1.46M	-1.87M	-945.19K	-442.21K
	Net Income Common Stockholders
-1.34M	-1.39M	-1.37M	-1.83M	-1.09M	-613.84K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
107.91K	585.16K	531.84K	6.51M	3.04M	23.45K
	Total Assets
15.47M	24.10M	23.73M	24.80M	19.00M	15.57M
	Total Debt
0.00	499.20K	0.00	0.00	190.58K	265.20K
	Net Debt
-107.91K	-85.96K	-531.84K	-6.51M	-2.85M	241.75K
	Total Liabilities
425.21K	1.57M	849.55K	1.05M	1.01M	1.10M
	Stockholders Equity
15.04M	22.53M	22.88M	23.75M	18.00M	14.47M
Cash Flow		Free Cash Flow
-894.05K	-1.11M	-6.00M	-4.03M	-1.45M	-349.66K
	Operating Cash Flow
-648.07K	-714.35K	-1.16M	-1.65M	-1.10M	-164.40K
	Investing Cash Flow
-245.98K	-387.35K	-4.82M	-2.38M	-354.46K	-185.26K
	Financing Cash Flow
1.32M	1.16M	0.00	7.50M	4.47M	265.20K

Fortune Bay Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 0.57 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.37, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 74.47 is Negative, neither overbought nor oversold. The STOCH value of 70.69 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$8.53B	12.05	6.29%	4.45%	3.04%	-9.39%
FISH	54 Neutral	$117.75M	63.60	3.74%	4.37%	24.33%	―
DML	49 Neutral	$1.69B	33.39	-4.64%	―	―	―
NXE	45 Neutral	$3.73B	27.25	-7.77%	―	―	-197.27%
FOR	43 Neutral	C$27.75M	―	-6.03%	―	―	31.01%
FUU	33 Underperform	$86.40M	―	-43.33%	―	―	-2288.89%

Fortune Bay Corporate Events

Fortune Bay Plans New Drilling at Murmac Project

Fortune Bay Corp. and Aero Energy Limited are set to advance their exploration at the Murmac Uranium Project in Saskatchewan, following the discovery of high-grade uranium during their summer 2024 drill program. The upcoming winter drilling program will target the Howland Lake North area, which has shown promising mineralization indicators. This initiative is part of a focused effort to explore multiple priority targets along the project’s extensive graphitic corridors.

Fortune Bay Advances Goldfields Project with New Strategy

Fortune Bay Corp has engaged Fuse Advisors to develop a strategic roadmap for advancing its Goldfields Gold Project in Saskatchewan, following a robust Preliminary Economic Assessment. The initiative aims to identify the optimal path to production, leveraging extensive technical and environmental data.