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1 Comment
Fortune Bay Corp is currently in a long term downtrend where the price is trading 31.7% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.0.
Fortune Bay Corp's total revenue sank by nan% to $0 since the same quarter in the previous year.
Its net income has dropped by 35.5% to $-290K since the same quarter in the previous year.
Finally, its free cash flow fell by 453.8% to $-416K since the same quarter in the previous year.
Based on the above factors, Fortune Bay Corp gets an overall score of 1/5.
Industry | Gold |
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Sector | Basic Materials |
ISIN | CA34964F1099 |
CurrencyCode | CAD |
Exchange | V |
Beta | 1.6 |
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Dividend Yield | 0.0% |
Target Price | None |
PE Ratio | None |
Market Cap | 11M |
Fortune Bay Corp. acquires, explores for, and develops mineral properties. It primarily explores for gold deposits. The company holds a 100% interest in the Goldfields project comprises 12 mineral dispositions covering an area of approximately 5,000 hectares located in northern Saskatchewan, Canada; the Strike Uranium project that comprises four mineral dispositions covering an area of approximately 10,000 hectares located near Uranium City, northern Saskatchewan, Canada; the Murmac Uranium project, which consists of 10 mineral claims covering an area of approximately 5,300 hectares located in northern Saskatchewan, Canada; and the Ixhuatán project that consists of the 4,176 hectares of Rio Negro concession located in northern Chiapas State, Mexico. It also owns 2% net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. The company is headquartered in Halifax, Canada.
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