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Fortune Bay Corp

Basic Materials CA FOR

0.22CAD
-0.005(2.22%)

Last update at 2024-07-25T15:20:00Z

Day Range

0.220.22
LowHigh

52 Week Range

0.140.35
LowHigh

Fundamentals

  • Previous Close 0.23
  • Market Cap8.27M
  • Volume6001
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-1.30431M
  • Revenue TTM0.00000M
  • Revenue Per Share TTM-
  • Gross Profit TTM -0.14951M
  • Diluted EPS TTM-0.04

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -1.56510M -1.90002M -1.04967M -0.51762M -0.52873M
Minority interest - - - - -
Net income -1.37133M -1.82776M -1.08621M -0.61384M -0.74219M
Selling general administrative 1.51M 1.57M 1.01M 0.48M 0.55M
Selling and marketing expenses - - - - -
Gross profit -0.00536M -0.00580M -0.00113M -0.00284M -0.00122M
Reconciled depreciation 0.00536M 0.00580M 0.00113M 0.00284M 0.00122M
Ebit - -1.65756M -0.94632M -0.44505M -0.50706M
Ebitda -1.54284M -1.87230M -1.01454M -0.49159M -0.54843M
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income -1.57014M -1.72919M -1.00792M -0.48579M -0.54965M
Other operating expenses - - - - -
Interest expense 0.02M 0.02M 0.03M 0.02M 0.00022M
Tax provision -0.19377M -0.07226M 0.04M 0.10M 0.21M
Interest income 0.00000M 0.00016M 0.00026M 0.00017M 0.00022M
Net interest income -0.01690M -0.02176M -0.03373M -0.02302M 0.00022M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - -0.07226M 0.04M 0.10M 0.21M
Total revenue 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total operating expenses 1.57M 1.73M 1.01M 0.49M 0.55M
Cost of revenue 0.00536M 0.00580M 0.00113M 0.00284M 0.00122M
Total other income expense net 0.02M -0.14907M -0.00801M -0.00881M 0.02M
Discontinued operations - - - - -
Net income from continuing ops -1.37133M -1.82776M -1.08621M -0.61384M -0.74219M
Net income applicable to common shares - -1.82776M -1.08621M -0.61384M -0.74219M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 23.73M 24.80M 19.00M 15.57M 15.47M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets - - - - -
Total liab 0.85M 1.05M 1.01M 1.10M 0.43M
Total stockholder equity 22.88M 23.75M 18.00M 14.47M 15.04M
Deferred long term liab - - - - -
Other current liab 0.02M 0.48M 0.34M 0.40M 0.11M
Common stock 14.42M 14.42M 7.58M 4.13M 4.13M
Capital stock 14.42M 14.42M - - -
Retained earnings 5.46M 6.84M 8.66M 9.75M 10.36M
Other liab - 0.40M 0.35M 0.32M 0.21M
Good will - - - - -
Other assets - 0.04M 0.04M 0.04M 0.04M
Cash 0.53M 6.51M 3.04M 0.02M 0.11M
Cash and equivalents - - - - -
Total current liabilities 0.20M 0.65M 0.65M 0.78M 0.21M
Current deferred revenue - - - - -
Net debt - - - 0.24M -
Short term debt - - - - -
Short long term debt - - 0.19M 0.27M -
Short long term debt total - - - - -
Other stockholder equity 1.44M 1.72M 1.21M 0.24M 0.24M
Property plant equipment - 18.11M 15.84M 15.47M 15.29M
Total current assets 0.71M 6.66M 3.13M 0.06M 0.14M
Long term investments - - - - -
Net tangible assets - 23.75M 18.00M 14.47M 15.04M
Short term investments - - - - -
Net receivables - 0.08M 0.05M 0.02M 0.01M
Long term debt - - - - -
Inventory - - - - -
Accounts payable 0.18M 0.17M 0.13M 0.11M 0.11M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.04M 0.04M 0.04M 15.51M 15.33M
Deferred long term asset charges - - - - -
Non current assets total 23.02M 18.15M 15.88M 15.51M 15.33M
Capital lease obligations - - - - -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -4.82485M -2.37972M -0.35446M -0.18526M -0.24463M
Change to liabilities 0.02M -0.17627M -0.19896M 0.30M -0.05551M
Total cashflows from investing activities - -2.37972M -0.35446M -0.18526M -0.24463M
Net borrowings - -0.19058M -0.07908M 0.26M -0.07543M
Total cash from financing activities 0.00000M 7.50M 4.47M 0.26M 0.82M
Change to operating activities -0.02249M -0.02871M -0.02257M 0.00047M 0.01M
Net income -1.37133M -1.82776M -1.08621M -0.61384M -0.74219M
Change in cash -5.98063M 3.47M 3.02M -0.08446M 0.05M
Begin period cash flow 6.51M 3.04M 0.02M 0.11M 0.05M
End period cash flow 0.53M 6.51M 3.04M 0.02M 0.11M
Total cash from operating activities -1.15579M -1.64939M -1.09908M -0.15420M -0.51823M
Issuance of capital stock 0.00000M 5.61M 3.58M 0.00000M 0.92M
Depreciation 0.00536M 0.00580M 0.00113M 0.00284M 0.00122M
Other cashflows from investing activities - - - - -
Dividends paid - - - - -
Change to inventory - - - - -
Change to account receivables -0.01398M -0.03063M -0.02408M -0.00925M -0.01021M
Sale purchase of stock - - - - -
Other cashflows from financing activities - 0.71M 0.80M 0.80M 0.22M
Change to netincome - 0.41M 0.23M 0.16M 0.28M
Capital expenditures 4.85M 2.38M 0.35M 0.19M 0.27M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -0.02147M -0.23561M -0.24560M 0.30M -0.05517M
Stock based compensation 0.45M 0.34M 0.17M 0.04M -
Other non cash items - - 0.02M - -
Free cash flow -6.00255M -4.02911M -1.45354M -0.34966M -0.79285M

Peer Comparison

Sector: Basic Materials Industry: Gold

Company 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
-0.005 2.22% 0.22 - - - 0.38 -6.1716
ARTG
Artemis Gold Inc
-0.155 1.38% 11.04 - 204.08 - 1.97 -124.5374
NFG
New Found Gold Corp
-0.09 2.39% 3.67 - - - 16.58 -9.2118
RML
Rusoro Mining Ltd
-0.015 1.10% 1.35 - - - - -42.9377
GRZ
Gold Reserve Inc
0.19 3.51% 5.61 - - 218.78 9.90 -56.1635

Reports Covered

Stock Research & News

Profile

Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties. It primarily explores for gold deposits. The company holds a 100% interest in the Goldfields project comprises 12 mineral dispositions covering an area of approximately 5,000 hectares located in northern Saskatchewan, Canada; the Strike Uranium project that comprises four mineral dispositions covering an area of approximately 10,000 hectares located near Uranium City, northern Saskatchewan, Canada; the Murmac Uranium project, which consists of ten mineral dispositions covering an area of approximately 5,300 hectares, and four mineral dispositions covering an area of approximately 8,900 hectares located in northern Saskatchewan, Canada; and the Ixhuatán project that consists of the 4,176 hectares of Rio Negro concession located in northern Chiapas State, Mexico. It also owns 2% net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. The company is headquartered in Halifax, Canada.

Fortune Bay Corp

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

Key Executives

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

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