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Home CompaniesFortune Bay Corp

Fortune Bay Corp

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.495 CAD 0.01 ( 1.02%)
Last update at 2026-11-04T20:34:00Z
VOLUME
143578
Market Cap
43.57M

Momentum Score

…

Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.48
Low
0.55
High
52 Week Price Range
0.49
Low
1.17
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Fortune Bay Corp is a Canadian junior mineral exploration company on the TSX Venture Exchange with limited public project disclosure. Long-term growth may rely on successful exploration and project advancement plus favourable commodity prices that could attract partners and support value creation.
Key risks are exploration or development failure, the need for ongoing financing and dilution, commodity-price volatility and permitting or regulatory delays.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.49
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
-0.01M
Debt / Equity
0.02
ROE
-6.38%
Net Debt
0.09M
ROCE
-5.04%
Diluted EPS TTM
-0.02

Insight News

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -1.31M -1.26M -1.34M -1.57M -1.90M
Net income -1.17M -1.49M -1.39M -1.37M -1.83M
Selling general administrative 1.52M 0.93M 0.31M 1.51M 1.57M
Selling and marketing expenses - - 0.09M - -
Gross profit -0.00M -0.00M -0.00M -0.01M -0.01M
Reconciled depreciation 0.00M 0.00M 0.00M 0.01M 0.01M
Ebit - - -1.30M - -1.66M
Ebitda - - -1.30M -1.54M -1.87M
Depreciation and amortization - - 0.00M - -
Operating income -1.64M -1.07M -1.30M -1.57M -1.73M
Other operating expenses - - 1.30M - -
Interest expense 0.05M 0.11M 0.04M 0.02M 0.02M
Tax provision -0.14M 0.23M 0.04M -0.19M -0.07M
Interest income - - - 0.00M 0.00M
Net interest income -0.05M -0.11M -0.04M -0.02M -0.02M
Income tax expense - - 0.04M - -0.07M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 1.64M 1.07M 1.30M 1.57M 1.73M
Cost of revenue 0.00M 0.00M 0.00M 0.01M 0.01M
Total other income expense net 0.38M -0.09M -0.04M 0.02M -0.15M
Net income from continuing ops -1.17M -1.49M -1.39M -1.37M -1.83M
Net income applicable to common shares - - - - -1.83M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 33.67M 24.17M 24.72M 23.73M 24.80M
Other current assets - - 0.05M - -
Total liab 2.12M 2.21M 2.19M 0.85M 1.05M
Total stockholder equity 31.55M 21.96M 22.53M 22.88M 23.75M
Other current liab 0.45M - 0.38M 0.02M 0.48M
Common stock - - 14.88M 14.42M 14.42M
Capital stock 25.04M 15.37M 14.88M 14.42M 14.42M
Retained earnings 1.42M 2.59M 4.08M 5.46M 6.84M
Other liab - - - - 0.40M
Other assets - - - - 0.04M
Cash 7.90M 0.46M 0.59M 0.53M 6.51M
Total current liabilities 1.16M 1.29M 0.88M 0.20M 0.65M
Current deferred revenue - - -0.13M - -
Net debt - 0.09M -0.09M - -
Short term debt - - 0.50M - -
Short long term debt - 0.54M 0.50M - -
Short long term debt total - - 0.50M - -
Other stockholder equity - - 3.38M 1.44M 1.72M
Property plant equipment - - - - 18.11M
Total current assets 8.32M 0.72M 0.73M 0.71M 6.66M
Long term investments 0.25M - - - -
Net tangible assets - - - - 23.75M
Short term investments 0.13M 0.09M - - -
Net receivables 0.12M 0.03M 0.09M - 0.08M
Accounts payable 0.61M 0.29M 0.13M 0.18M 0.17M
Accumulated other comprehensive income - - 0.19M - -
Non currrent assets other 0.04M 0.04M 23.15M 0.04M 0.04M
Non current assets total 25.35M 23.45M 23.99M 23.02M 18.15M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -0.21M -0.39M -4.82M -2.38M
Change to liabilities - - - 0.02M -0.18M
Total cashflows from investing activities - - - - -2.38M
Net borrowings -0.57M 0.00M 0.48M - -0.19M
Total cash from financing activities 10.39M 0.59M 1.16M 0.00M 7.50M
Change to operating activities - - - -0.02M -0.03M
Net income -1.17M -1.49M -1.39M -1.37M -1.83M
Change in cash 7.44M -0.13M 0.05M -5.98M 3.47M
Begin period cash flow 0.46M 0.59M 0.53M 6.51M 3.04M
End period cash flow 7.90M 0.46M 0.59M 0.53M 6.51M
Total cash from operating activities -1.48M -0.51M -0.71M -1.16M -1.65M
Issuance of capital stock 10.18M 0.59M 0.66M 0.00M 5.61M
Depreciation 0.00M 0.00M 0.00M 0.01M 0.01M
Change to account receivables -0.22M -0.04M -0.00M -0.01M -0.03M
Other cashflows from financing activities - - 0.00M - 0.71M
Change to netincome - - - - 0.41M
Capital expenditures 1.46M 0.22M 0.39M 4.85M 2.38M
Change in working capital -0.59M 0.23M 0.25M -0.02M -0.24M
Stock based compensation 0.39M 0.31M 0.38M 0.45M 0.34M
Other non cash items 0.02M 0.04M -0.00M - -
Free cash flow -2.94M -0.73M -1.11M -6.00M -4.03M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
FOR
Fortune Bay Corp		 0.01
1.02%		 0.49 - - - 1.51 -6.35
OMG
Omai Gold Mines Corp		 0.18
12.08%		 1.67 - - - 62.63 -4.09
ASE
Asante Gold Corporation		 0.07
12.07%		 0.65 - 6.57 2.23 269.42 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 2.44
MKO
Mako Mining Corp		 0.80
7.86%		 10.98 18.47 2.34 6.21 4.73 10.00

Profile*

Fortune Bay Corp

Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.

1969 Upper Water Street, Halifax, NS, Canada, B3J 3R7

902 422 1421

https://fortunebaycorp.com

Name Title Year Born
Mr. Wade K. Dawe Exec. Chairman 1970
Mr. Dale Verran M.Sc., P.Geo. Chief Exec. Officer NA
Ms. Sarah Lynn Oliver Chief Financial Officer 1984
Mr. Gareth Garlick Technical Director NA
Mr. Eric Bort Exploration Mang. NA
Mr. Wade K. Dawe Executive Chairman 1970
Mr. Dale Verran M.Sc., P.Geo. Chief Executive Officer NA
Mr. Dale Verran M.Sc., P.Geo. CEO & Director NA
Mr. Robert Peter Shaw M.Sc. Independent Director - Technical Advisor NA
Mr. Gareth Garlick Vice President of Technical Services NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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