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Fortune Bay
(FOR)
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Rating:54Neutral
Price Target:
C$0.73
▼(-7.09% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak fundamentals (no revenue, persistent losses, and negative free cash flow), partially mitigated by a strong, low-debt balance sheet. Technical indicators are a positive contributor, with price above major moving averages and positive MACD, though momentum is approaching overbought levels. Valuation is also a drag due to the negative P/E and lack of dividend yield data.
Positive Factors
Debt-Free Balance Sheet
Effectively zero debt reduces interest obligations and refinancing exposure, giving Fortune Bay greater flexibility to fund exploration or withstand periods without operating revenue. This balance-sheet resilience is especially valuable for an exploration company whose projects may require sustained investment before monetization.
Negative Factors
No Operating Revenue
The absence of operating revenue means Fortune Bay has not yet demonstrated a recurring commercial engine and remains dependent on project advancement or external financing to create value. This makes financial progress highly contingent on exploration success and eventual project monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Effectively zero debt reduces interest obligations and refinancing exposure, giving Fortune Bay greater flexibility to fund exploration or withstand periods without operating revenue. This balance-sheet resilience is especially valuable for an exploration company whose projects may require sustained investment before monetization.
Read all positive factors
Fortune Bay (FOR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$54.89M
Dividend YieldN/A
Average Volume (3M)114.85K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue GrowthN/A
EPS Growth8.72%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding71,291,150
10 Day Avg. Volume44,780
30 Day Avg. Volume114,853
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)1.28
Price to Sales (P/S)0.00
P/FCF Ratio-27.03
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
Fortune Bay Business Overview & Revenue Model
Company Description
Fortune Bay Corp. is an enterprise engaged in the acquisition, exploration, and development of mineral properties, with a primary focus on uncovering gold deposits. The company boasts a diverse portfolio of wholly-owned assets. These include the G...
How the Company Makes Money
Fortune Bay is an exploration-stage company; as such, it typically does not generate stable operating revenue from selling products and instead seeks to create value by advancing mineral projects. The primary ways an exploration company like Fortu...
Fortune Bay Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.00K | -2.82K | -2.86K | -16.02K | -5.36K | -5.80K |
| EBITDA | -2.30M | -1.26M | -1.15M | -1.20M | -1.54M | -1.87M |
| Net Income | -1.77M | -1.17M | -1.49M | -1.39M | -1.37M | -1.83M |
Balance Sheet | ||||||
| Total Assets | 36.08M | 34.17M | 24.64M | 24.10M | 23.73M | 24.80M |
| Cash, Cash Equivalents and Short-Term Investments | 6.67M | 8.04M | 626.38K | 585.16K | 531.84K | 6.51M |
| Total Debt | 0.00 | 0.00 | 543.93K | 499.20K | 0.00 | 0.00 |
| Total Liabilities | 4.49M | 2.63M | 2.68M | 1.57M | 849.55K | 1.05M |
| Stockholders Equity | 31.59M | 31.55M | 21.96M | 22.53M | 22.88M | 23.75M |
Cash Flow | ||||||
| Free Cash Flow | -1.74M | -1.50M | -528.72K | -1.11M | -6.00M | -4.03M |
| Operating Cash Flow | -1.32M | -1.48M | -511.48K | -714.35K | -1.16M | -1.65M |
| Investing Cash Flow | -4.53M | -1.46M | -209.94K | -387.35K | -4.82M | -2.38M |
| Financing Cash Flow | 8.77M | 10.39M | 592.92K | 1.16M | 0.00 | 7.50M |
Fortune Bay Technical Analysis
Negative
0.79
Price Trends
0.77
Negative
0.71
Positive
0.73
Negative
Market Momentum
>-0.01
Positive
37.48
Neutral
2.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FOR, the sentiment is Negative. The current price of 0.79 is below the 20-day moving average (MA) of 0.84, above the 50-day MA of 0.77, and above the 200-day MA of 0.73, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.48 is Neutral, neither overbought nor oversold. The STOCH value of 2.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FOR.
Fortune Bay Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$54.89M | -26.47 | -5.99% | ― | ― | 8.72% | |
54 Neutral | C$111.69M | -18.98 | -13.11% | ― | ― | -198.41% | |
52 Neutral | C$163.44M | -13.30 | -19.35% | ― | ― | -570.29% | |
51 Neutral | C$109.89M | -265.38 | -1.12% | ― | ― | 89.17% | |
47 Neutral | C$103.29M | -22.02 | -12.56% | ― | ― | 29.77% | |
43 Neutral | C$58.13M | -6.30 | -35.00% | ― | ― | 1.72% |
* General Sector Average
TSE:FOR
Fortune Bay
0.72
-0.32
-30.77%
TSE:GGO
Galleon Gold
1.23
0.61
98.39%
TSE:FMAN
Freeman Gold Corp
0.36
0.12
51.06%
TSE:AMQ
Abitibi Metals
0.69
0.38
122.58%
TSE:ARIC
Awale Resources Limited
0.70
0.06
9.37%
TSE:LVX
Leviathan Gold
0.47
0.07
17.50%
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.