Gareth Garlick - Fortune Bay Technical Director

FOR Stock  CAD 0.23  0.01  4.17%   

Insider

Gareth Garlick is Technical Director of Fortune Bay Corp
Address 1969 Upper Water Street, Halifax, NS, Canada, B3J 3R7
Phone902 422 1421
Webhttps://fortunebaycorp.com

Fortune Bay Management Efficiency

The company has return on total asset (ROA) of (0.026) % which means that it has lost $0.026 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0558) %, meaning that it generated substantial loss on money invested by shareholders. Fortune Bay's management efficiency ratios could be used to measure how well Fortune Bay manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.06 in 2024. Return On Capital Employed is likely to drop to -0.05 in 2024. At this time, Fortune Bay's Non Currrent Assets Other are fairly stable compared to the past year. Total Current Assets is likely to climb to about 1.4 M in 2024, whereas Total Assets are likely to drop slightly above 20.2 M in 2024.
Fortune Bay Corp has accumulated 499.2 K in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. Fortune Bay Corp has a current ratio of 4.15, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Fortune Bay until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Bay's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortune Bay Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortune to invest in growth at high rates of return. When we think about Fortune Bay's use of debt, we should always consider it together with cash and equity.

Similar Executives

Found 3 records

INSIDER Age

PEng MScOrezone Gold Corp
65
Peter TamOrezone Gold Corp
N/A
Vanessa PickeringOrezone Gold Corp
N/A
Fortune Bay Corp. acquires, explores for, and develops mineral properties. The company also owns 2 percent net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. FORTUNE BAY operates under Gold classification in Exotistan and is traded on Commodity Exchange. Fortune Bay Corp (FOR) is traded on TSX Venture Exchange in Canada and employs 4 people. Fortune Bay is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Fortune Bay Corp Leadership Team

Elected by the shareholders, the Fortune Bay's board of directors comprises two types of representatives: Fortune Bay inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Bay's management team and ensure that shareholders' interests are well served. Fortune Bay's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Bay's outside directors are responsible for providing unbiased perspectives on the board's policies.
Eric Bort, Exploration Mang
Sarah Oliver, Chief Officer
Gareth Garlick, Technical Director
Wade Dawe, Executive Chairman

Fortune Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortune Bay a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Fortune Stock Analysis

When running Fortune Bay's price analysis, check to measure Fortune Bay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.