Fortune Minerals Limited Stock Analysis
| FTMDF Stock | USD 0.08 0 4.38% |
Fortune Minerals holds a debt-to-equity ratio of 0.219. Fortune Minerals' financial risk is the risk to Fortune Minerals stockholders that is caused by an increase in debt.
Asset vs Debt
Equity vs Debt
Fortune Minerals' liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Fortune Minerals' cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Fortune Pink Sheet's retail investors understand whether an upcoming fall or rise in the market will negatively affect Fortune Minerals' stakeholders.
For many companies, including Fortune Minerals, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Fortune Minerals Limited, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Fortune Minerals' management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that Fortune Minerals' debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Fortune Minerals is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Fortune Minerals to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Fortune Minerals is said to be less leveraged. If creditors hold a majority of Fortune Minerals' assets, the Company is said to be highly leveraged.
Fortune Minerals Limited is overvalued with Real Value of 0.0784 and Hype Value of 0.08. The main objective of Fortune Minerals pink sheet analysis is to determine its intrinsic value, which is an estimate of what Fortune Minerals Limited is worth, separate from its market price. There are two main types of Fortune Minerals' stock analysis: fundamental analysis and technical analysis.
The Fortune Minerals pink sheet is traded in the USA on PINK Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Fortune Minerals' ongoing operational relationships across important fundamental and technical indicators.
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Fortune Pink Sheet Analysis Notes
About 16.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.43. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortune Minerals had not issued any dividends in recent years. The entity had 3:1 split on the 5th of August 1997. Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company was incorporated in 1988 and is headquartered in London, Canada. Fortune Minerals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 6 people.The quote for Fortune Minerals Limited is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To learn more about Fortune Minerals Limited call the company at 519 858 8188 or check out https://www.fortuneminerals.com.Fortune Minerals Investment Alerts
| Fortune Minerals is way too risky over 90 days horizon | |
| Fortune Minerals has some characteristics of a very speculative penny stock | |
| Fortune Minerals appears to be risky and price may revert if volatility continues | |
| Fortune Minerals Limited has accumulated 1.34 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Fortune Minerals has a current ratio of 0.07, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortune Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Minerals' 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 Minerals 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 Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 103.36 K. | |
| Fortune Minerals Limited has accumulated about 721.58 K in cash with (814.59 K) of positive cash flow from operations. |
Fortune Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 27.81 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortune Minerals's market, we take the total number of its shares issued and multiply it by Fortune Minerals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Technical Drivers
As of the 3rd of February, Fortune Minerals shows the Downside Deviation of 12.21, coefficient of variation of 1017.26, and Mean Deviation of 5.88. Fortune Minerals technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Fortune Minerals treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Fortune Minerals is priced favorably, providing market reflects its regular price of 0.0835 per share. As Fortune Minerals appears to be a penny stock we also advise to verify its total risk alpha numbers.Fortune Minerals Price Movement Analysis
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Fortune Minerals middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Fortune Minerals. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Fortune Minerals Predictive Daily Indicators
Fortune Minerals intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Fortune Minerals pink sheet daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 4888.67 | |||
| Daily Balance Of Power | 0.6731 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 0.0826 | |||
| Day Typical Price | 0.0829 | |||
| Price Action Indicator | 0.0027 | |||
| Period Momentum Indicator | 0.0035 | |||
| Relative Strength Index | 57.88 |
Fortune Minerals Forecast Models
Fortune Minerals' time-series forecasting models are one of many Fortune Minerals' pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Fortune Minerals' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.Fortune Minerals Debt to Cash Allocation
Many companies such as Fortune Minerals, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
Fortune Minerals Limited has accumulated 1.34 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Fortune Minerals has a current ratio of 0.07, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortune Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Minerals' 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 Minerals 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 Minerals' use of debt, we should always consider it together with cash and equity.Fortune Minerals Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Fortune Minerals' operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Fortune Minerals, which in turn will lower the firm's financial flexibility.About Fortune Pink Sheet Analysis
Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Fortune Minerals prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Fortune shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Fortune Minerals. By using and applying Fortune Pink Sheet analysis, traders can create a robust methodology for identifying Fortune entry and exit points for their positions.
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company was incorporated in 1988 and is headquartered in London, Canada. Fortune Minerals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 6 people.
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When running Fortune Minerals' price analysis, check to measure Fortune Minerals' 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 Minerals is operating at the current time. Most of Fortune Minerals' value examination focuses on studying past and present price action to predict the probability of Fortune Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Minerals' price. Additionally, you may evaluate how the addition of Fortune Minerals to your portfolios can decrease your overall portfolio volatility.
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