Formation Metals (CNSX:FOMO) - Stock Price, News & Analysis

FOMO Stock Overview

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

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

Rewards

Risk Analysis

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

Shares are highly illiquid

Does not have a meaningful market cap (CA$6M)

Less than 3 years of financial data is available

Formation Metals Inc. Competitors

Spearmint Resources

CNSX:SPMT

CA$5.4m

VR Resources

TSXV:VRR

CA$4.8m

Usha Resources

TSXV:USHA

CA$4.9m

Giant Mining

CNSX:BFG

CA$5.0m

Price History & Performance

Summary of all time highs, changes and price drops for Formation Metals
Historical stock prices
Current Share Price	CA$0.23
52 Week High	CA$0.25
52 Week Low	CA$0.09
Beta	0
11 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	74.07%

Recent updates

Shareholder Returns

	FOMO	CA Metals and Mining	CA Market
7D	46.9%	-1.3%	-0.8%
1Y	n/a	42.8%	27.3%

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	n/a
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.5%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: FOMO's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine FOMO's volatility change 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$5.55m
Earnings (TTM)	-CA$134.63k
Revenue (TTM)	n/a

0.0x

P/S Ratio

-49.7x

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$134.63k
Earnings	-CA$134.63k

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0047
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

Formation Metals CNSX:FOMO Stock Report