Fortune Bay Corp Stock Today
| FOR Stock | CAD 0.23 0.01 4.17% |
Performance0 of 100
| Odds Of DistressLess than 23
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Fortune Bay is selling for under 0.23 as of the 28th of November 2024; that is 4.17% down since the beginning of the trading day. The stock's lowest day price was 0.23. Fortune Bay has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Fortune Bay Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
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.. The company has 48.68 M outstanding shares of which 80 shares are currently shorted by private and institutional investors with about 0.01 days to cover all short positions. More on Fortune Bay Corp
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Fortune Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortune Bay's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortune Bay or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive Chairman | Wade Dawe | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
Fortune Bay's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fortune Bay's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsFortune Bay can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortune Bay's financial leverage. It provides some insight into what part of Fortune Bay's total assets is financed by creditors.
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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. The company currently falls under 'Micro-Cap' category with a current market capitalization of 10.95 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortune Bay's market, we take the total number of its shares issued and multiply it by Fortune Bay'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. Fortune Bay Corp classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 48.68 M outstanding shares of which 80 shares are currently shorted by private and institutional investors with about 0.01 days to cover all short positions.
Fortune Bay Corp has accumulated about 3.69 M in cash with (714.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11.
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Ownership AllocationFortune Bay holds a total of 48.68 Million outstanding shares. Fortune Bay Corp shows 14.9 percent of its outstanding shares held by insiders and 9.39 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Fortune Bay Corp Risk Profiles
Although Fortune Bay's alpha and beta are two of the key measurements used to evaluate Fortune Bay's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.33 | |||
| Standard Deviation | 4.86 | |||
| Variance | 23.64 | |||
| Risk Adjusted Performance | (0.04) |
Fortune Stock Against Markets
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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.