Fortune Bay Corp. (FTBYF)
Fortune Bay Corp. operates in the Gold industry of the Basic Materials sector, headquartered in Halifax, NS, CA. The stock last traded at $0.50, down 4.41% on the session, giving a market capitalisation of $34.7M. On trailing twelve-month figures it carries a trailing P/E of -23.43, a net margin of 0.0%. Its beta of 1.53 implies it has historically moved more than the broad market.
Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral resources, with a primary focus on identifying gold deposits. The company's significant holdings include a 100% interest in the Goldfields project, which spans approximately 5,000 hectares across 12 mineral dispositions in northern Saskatchewan, Canada. Additionally, its Canadian portfolio features two uranium initiatives in northern Saskatchewan: the Strike Uranium project, encompassing four dispositions over roughly 10,000 hectares near Uranium City, and the Murmac Uranium project, covering about 5,300 hectares through 10 mineral claims. Beyond Canada, Fortune Bay operates the Ixhuatán project in Mexico, specifically the 4,176-hectare Rio Negro concession located in northern Chiapas State. The company also holds a 2% net smelter royalty related to the Huizopa project, situated in the Sierra Madres of Chihuahua, Mexico. Its corporate headquarters are based in Halifax, Canada.
Fortune Bay Corp. is most often compared with the following Basic Materials names: