FOMO Stock Overview

Engages in the acquisition and exploration of mineral property assets in North America. More details

FOMO fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Does not have a meaningful market cap (CA$19M)

Community vs My Fair Value

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Formation Metals Inc. Competitors

ZincX Resources

TSXV:ZNX

CA$18.8m

Tower Resources

TSXV:TWR

CA$17.7m

Gold Hart Copper

TSXV:HART

CA$18.0m

Pantera Silver

TSXV:PNTR

CA$14.6m

Price History & Performance

Summary of share price highs, lows and changes for Formation Metals
Historical stock prices
Current Share Price	CA$0.41
52 Week High	CA$0.42
52 Week Low	CA$0.09
Beta	0
1 Month Change	24.24%
3 Month Change	82.22%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	203.70%

Recent updates

Shareholder Returns

	FOMO	CA Metals and Mining	CA Market
7D	0%	0.07%	1.9%
1Y	n/a	25.3%	10.8%

Return vs Industry: Insufficient data to determine how FOMO performed against the Canadian Metals and Mining industry.

Return vs Market: Insufficient data to determine how FOMO performed against the Canadian Market.

Price Volatility

Is FOMO's price volatile compared to industry and market?
FOMO volatility
FOMO Average Weekly Movement	13.2%
Metals and Mining Industry Average Movement	11.7%
Market Average Movement	9.6%
10% most volatile stocks in CA Market	18.0%
10% least volatile stocks in CA Market	4.1%

Stable Share Price: FOMO has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: FOMO's weekly volatility has decreased from 18% to 13% over the past year.

About the Company

Founded	Employees	CEO	Website
2022	n/a	Deepak Varshney	n/a

Formation Metals Inc. engages in the acquisition and exploration of mineral property assets in North America. Its principal property is the 85% owned Nicobat nickel-copper-cobalt property with 2 combined surface and mining right patents located within Dobie Township of Ontario, Canada. The company was incorporated in 2022 and is headquartered in Vancouver, Canada.

Formation Metals Inc. Fundamentals Summary

How do Formation Metals's earnings and revenue compare to its market cap?
FOMO fundamental statistics
Market cap	CA$18.86m
Earnings (TTM)	-CA$1.12m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-16.9x

P/E Ratio

Is FOMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FOMO income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$1.12m
Earnings	-CA$1.12m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.024
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FOMO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/24 15:17
End of Day Share Price	2025/04/24 00:00
Earnings	2024/12/31
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Formation Metals Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Formation Metals CNSX:FOMO Stock Report