How does FRG's PB Ratio compare to its peers?

FRG is expensive based on its Price-To-Book Ratio (6.5x) compared to the peer average (3.3x).

How does FRG's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

FRG is expensive based on its Price-To-Book Ratio (6.5x) compared to the Canadian Metals and Mining industry average (1.4x).

What is FRG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FRG's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of FRG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate FRG's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Forge Resources (CNSX:FRG) - Stock Price, News & Analysis

FRG Stock Overview

Engages in the exploration and development of natural resource properties in Canada and Mexico. More details

FRG 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)

Earnings have declined by 39.1% per year over past 5 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$45M)

Forge Resources Corp. Competitors

Vanstar Mining Resources

TSXV:VSR

CA$39.1m

Nighthawk Gold

TSX:NHK

CA$38.2m

Orvana Minerals

TSX:ORV

CA$38.3m

Bonterra Resources

TSXV:BTR

CA$40.0m

Price History & Performance

Summary of all time highs, changes and price drops for Forge Resources
Historical stock prices
Current Share Price	CA$0.53
52 Week High	CA$0.94
52 Week Low	CA$0.30
Beta	3.11
11 Month Change	-3.64%
3 Month Change	6.00%
1 Year Change	9.28%
33 Year Change	43.24%
5 Year Change	404.76%
Change since IPO	315.69%

Recent updates

Shareholder Returns

	FRG	CA Metals and Mining	CA Market
7D	8.2%	-1.7%	0.3%
1Y	9.3%	25.3%	23.0%

Return vs Industry: FRG underperformed the Canadian Metals and Mining industry which returned 26% over the past year.

Return vs Market: FRG underperformed the Canadian Market which returned 23.7% over the past year.

Price Volatility

Is FRG's price volatile compared to industry and market?
FRG volatility
FRG Average Weekly Movement	11.9%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	3.0%

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

Volatility Over Time: FRG's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2014	n/a	Cole McClay	www.forgeresourcescorp.com

Forge Resources Corp. engages in the exploration and development of natural resource properties in Canada and Mexico. It primarily explores for gold, molybdenum, and copper deposits. The company has an option right to earn an 60% joint venture interest in the Alotta project located in the Whitehorse mining district, Yukon.

Forge Resources Corp. Fundamentals Summary

How do Forge Resources's earnings and revenue compare to its market cap?
FRG fundamental statistics
Market cap	CA$44.75m
Earnings (TTM)	-CA$2.86m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-15.4x

P/E Ratio

Is FRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRG income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$2.86m
Earnings	-CA$2.86m

Last Reported Earnings

May 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.034
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FRG perform over the long term?

See historical performance and comparison

FRG Stock Overview

Risk Analysis

Forge Resources Corp. Competitors

TSXV:VSR

CA$39.1m

TSX:NHK

CA$38.2m

TSX:ORV

CA$38.3m

TSXV:BTR

CA$40.0m

Price History & Performance

Recent News & Updates

Forge Resources Corp. Announces Design Plans for Mine Portal Construction At La Estrella Coal Project, Colombia

Forge Resources Corp. Commissions Detailed Structural Study At the Alotta Gold-Copper- Molybdenum Porphyry Project, Yukon

Forge Resources Corp. (CNSX:FRG) signed a letter of intent to acquire Aion Mining Corp. for CAD 5 million.

Forge Resources Corp. Appoints Peter Jonathan Murphy as Chairman and Director

Forge Resources Corp. announced that it has received CAD 0.55 million in funding

Forge Resources Corp. announced that it expects to receive CAD 0.6 million in funding

Recent updates

Forge Resources Corp. Announces Design Plans for Mine Portal Construction At La Estrella Coal Project, Colombia

Forge Resources Corp. Commissions Detailed Structural Study At the Alotta Gold-Copper- Molybdenum Porphyry Project, Yukon

Forge Resources Corp. (CNSX:FRG) signed a letter of intent to acquire Aion Mining Corp. for CAD 5 million.

Forge Resources Corp. Appoints Peter Jonathan Murphy as Chairman and Director

Forge Resources Corp. announced that it has received CAD 0.55 million in funding

Forge Resources Corp. announced that it expects to receive CAD 0.6 million in funding

Forge Resources Corp. Announces Completion of Payoff Zone Drilling, Confirming Porphyry Style Mineralization

Forge Resources to Commence Comprehensive Soil Studies and Pilot Drilling At Fully Permitted Coal Project

Forge Resources to Commence Comprehensive Soil Studies and Pilot Drilling At Fully Permitted Coal Project

Benjamin Hill Mining Corp. (CNSX:BNN) completed the acquisition of additional 20% stake in Aion Mining Corp.

Benjamin Hill Mining Corp., Annual General Meeting, Jun 20, 2024

Benjamin Hill Mining Corp. announced that it has received CAD 5.34576 million in funding

Benjamin Hill Mining Corp. announced that it expects to receive CAD 5 million in funding

Insufficient new directors

Independent Director exercised options to buy CA$179k worth of stock.

Benjamin Hill Mining Corp. (CNSX:BNN) entered into an agreement to acquire 20% stake in Aion Mining Corp. for CAD 1.9 million.

New major risk - Financial position

Benjamin Hill Mining Corp. Announces Drilling Program Discovers Porphyry Style Mineralization At Alotta, Copper-Gold-Molybdenum Project

Benjamin Hill Mining Corp. (CNSX:BNN) entered into a non-binding letter of intent to acquire a 20% stake in Aion Mining Corp. for CAD 1.125 million.

Benjamin Hill Mining Corp. announced that it has received CAD 0.83 million in funding

Benjamin Hill Mining Corp. announced that it expects to receive CAD 0.85 million in funding

Benjamin Hill Mining Corp. announced that it has received CAD 0.402 million in funding

Benjamin Hill Mining Corp., Annual General Meeting, Aug 09, 2023

Benjamin Hill Mining Corp. announced that it expects to receive CAD 0.4 million in funding

Benjamin Hill Mining Corp. Announces CFO Changes

High number of new and inexperienced directors

Benjamin Hill Mining Corp. Confirms Extension in Three Directions of Copper-Gold Mineralization in Sonora Copper Vein System

Benjamin Hill Mining Corp. Announces Drill Results from El Fierro Exploration Zone

Benjamin Hill Mining Corp. Announces Initial Results from Inaugural Diamond Drilling Program on Flagship Sonora Gold Project Near Benjamin Hill, Sonora, Mexico

High number of new and inexperienced directors

Benjamin Hill Mining Corp. Announces Commencement of Drill Program

Benjamin Hill Mining Corp. announced that it has received CAD 2.112246 million in funding

Benjamin Hill Mining Corp. Releases Inaugural Drill Program Targeting Most Prospective Locations on the Sonora Gold Property

Benjamin Hill Mining Corp. Updates on Expanded Continuity of Mineralization in Caracahui Area

Benjamin Hill Mining Corp. Announces New Assay Results at the Benjamin Hill Property

Benjamin Hill Mining Corp. Confirms Mineralization At Depth At the Sonora Gold Property

Benjamin Hill Mining Corp. Announces Additional Assay Results from its Benjamin Hill Property

Benjamin Hill Mining Corp. Updates on New Zone of Known Gold Mineralization

Benjamin Hill Mining Corp. Announces Additional Assay Results At the Benjamin Hill Property

Mojave Gold Corp. announced that it expects to receive CAD 3 million in funding

Mojave Gold Corp. Announces CEO Changes

Mojave Samples 16.2G/T Gold on Reconnaissance of the Sonora Gold Property

Mojave Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Mojave Gold’s Geologists Complete First Round of Exploration Work on 6000ha Sonora Property

Mojave Gold Corp., Annual General Meeting, Jan 27, 2021

New 90-day high: CA$0.43

Mojave Gold Corp Appoints Paloma Pantoja as Chief Financial Officer

Mojave Gold Corp. Announces Start of Exploration Activities

New 90-day low: CA$0.28

Zanzibar Gold Inc Announces Management Changes

New 90-day high - CA$0.32