Freeman Gold (FMAN) Stock Overview

Explores and evaluates mineral properties in the United States. More details

FMAN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Has less than 1 year of cash runway

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

Does not have a meaningful market cap (CA$100M)

FMAN Community Fair Values

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Freeman Gold Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Freeman Gold
Historical stock prices
Current Share Price	CA$0.33
52 Week High	CA$0.46
52 Week Low	CA$0.095
Beta	0.50
1 Month Change	3.17%
3 Month Change	-19.75%
1 Year Change	225.00%
3 Year Change	54.76%
5 Year Change	-12.16%
Change since IPO	-35.00%

Recent updates

Analysis Article • Dec 29

Is Freeman Gold (CVE:FMAN) Weighed On By Its Debt Load?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Analysis Article • May 22

Companies Like Freeman Gold (CVE:FMAN) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Analysis Article • Mar 23

We're Not Worried About Freeman Gold's (CVE:FMAN) Cash Burn

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

	FMAN	CA Metals and Mining	CA Market
7D	-3.0%	14.2%	2.3%
1Y	225.0%	109.7%	33.7%

Return vs Industry: FMAN exceeded the Canadian Metals and Mining industry which returned 109.7% over the past year.

Return vs Market: FMAN exceeded the Canadian Market which returned 33.7% over the past year.

Price Volatility

Is FMAN's price volatile compared to industry and market?
FMAN volatility
FMAN Average Weekly Movement	10.6%
Metals and Mining Industry Average Movement	12.0%
Market Average Movement	10.4%
10% most volatile stocks in CA Market	17.9%
10% least volatile stocks in CA Market	4.0%

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

Volatility Over Time: FMAN's weekly volatility has decreased from 17% to 11% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Bassam Moubarak	freemangoldcorp.com

Freeman Gold Corp. explores and evaluates mineral properties in the United States. Its flagship property is the Lemhi gold property that consists of 10 patented mining claims, 1 patented mill site claim, and 333 unpatented mining claims covering an area of approximately 6,739 acres of mineral rights and 615 acres of surface rights located in Lemhi County, Idaho. Freeman Gold Corp. is based in Vancouver, Canada.

Freeman Gold Corp. Fundamentals Summary

How do Freeman Gold's earnings and revenue compare to its market cap?
FMAN fundamental statistics
Market cap	CA$99.98m
Earnings (TTM)	-CA$6.44m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-15.5x

P/E Ratio

Is FMAN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FMAN income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$6.44m
Earnings	-CA$6.44m

Last Reported Earnings

Feb 28, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.021
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	10.1%

How did FMAN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/12 15:02
End of Day Share Price	2026/05/08 00:00
Earnings	2026/02/28
Annual Earnings	2025/11/30

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

Freeman Gold Corp. 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.

Freeman Gold (FMAN) Stock Overview

Risk Analysis

Freeman Gold Corp. Competitors

Gold Terra Resource

West Vault Mining

Kirkland Lake Discoveries

Onyx Gold

Price History & Performance

Recent News & Updates

New major risk - Financial position

Freeman Gold Corp. Expands Lemhi Gold Deposit to 1.22 Moz Measured and Indicated At 0.79 G/T in 48.310 Million Tonnes in Updated Resource Estimate

Freeman Gold Corp. Announces Transformative Year for Its Lemhi Gold Project in Idaho

Is Freeman Gold (CVE:FMAN) Weighed On By Its Debt Load?

Freeman Gold Corp. Reports Drill Results from Expanded 2025 Program - Including 3.1 G/T over 8.0 Metres and 1.6 G/T over 7.6 Metres

President recently bought CA$89k worth of stock

Recent updates

New major risk - Financial position

Freeman Gold Corp. Expands Lemhi Gold Deposit to 1.22 Moz Measured and Indicated At 0.79 G/T in 48.310 Million Tonnes in Updated Resource Estimate

Freeman Gold Corp. Announces Transformative Year for Its Lemhi Gold Project in Idaho

Is Freeman Gold (CVE:FMAN) Weighed On By Its Debt Load?

Freeman Gold Corp. Reports Drill Results from Expanded 2025 Program - Including 3.1 G/T over 8.0 Metres and 1.6 G/T over 7.6 Metres

President recently bought CA$89k worth of stock

Director recently bought CA$210k worth of stock

Freeman Gold Corp. Receives Results from the Northern Portion of Its 2025 Reverse Circulation Drilling Program At the Lemhi Gold Project

Freeman Gold Corp. Announces Chief Financial Officer Changes, Effective September 1, 2025

Freeman Gold Corp. announced that it has received CAD 10.5 million in funding from Strategic Investor Group

Freeman Gold Corp. announced that it expects to receive CAD 10.5 million in funding from Strategic Investor Group

New major risk - Financial position

President exercised options to buy CA$306k worth of stock.

Freeman Gold Corp., Annual General Meeting, Sep 25, 2025

New major risk - Share price stability

Freeman Gold Completes Drilling At the Lemhi Gold Project

Freeman Gold Corp. Provides Corporate Update for the Lemhi Gold Project

Companies Like Freeman Gold (CVE:FMAN) Are In A Position To Invest In Growth

Freeman Gold Corp. Commences Feasibility Level Geotechnical Work Program At the Lemhi Gold Project

Freeman Gold Corp. Commences Resource Upgrade and Expansion Drilling At the Lemhi Gold Project

Freeman Gold Corp. Commences Phase Four Metallurgical Test Work in Support of Feasibility Study At the Lemhi Gold Project

New minor risk - Share price stability

New major risk - Market cap size

New major risk - Shareholder dilution

Freeman Gold Corp. Completes Third Season of Baseline Water Quality Monitoring At the Lemhi Gold Project, Idaho

Freeman Gold Corp. Appoints David Keough to its Board of Directors

New minor risk - Shareholder dilution

Director recently bought CA$108k worth of stock

Freeman Gold Corp. announced that it has received CAD 0.85 million in funding from Radio Fuels Energy Corp.

Freeman Gold Corp. announced that it expects to receive CAD 3.6 million in funding

Freeman Gold Corp., Annual General Meeting, Sep 24, 2024

New major risk - Market cap size

New major risk - Market cap size

New major risk - Market cap size

Freeman Gold Corp. Improves Average Gold Recoveries to 96.9% and Leach Circuit Time by 50% for Lemhi Gold Deposit, Idaho

New major risk - Financial position

Freeman Gold Corp., Annual General Meeting, Sep 20, 2023

Price target decreased by 18% to CA$0.90

Freeman Gold Corp. Reports Results for the Final 19 Drill Holes from Its 12,000 Metre Phase 2 and 3 Resource Expansion and Infill Drill Program At Its 100% Owned Lemhi Gold Deposit

Freeman Gold Corp. Receives Results for Five Diamond Drill Holes and Three Reverse Circulation from Its Follow Up Drill Program

Freeman Gold Corp. Reports Results for an Additional 15 Diamond Drill Holes from the Company's 12,000M Phase II Resource Expansion and Infill Drill Program At Its 100% Owned Lemhi Gold Deposit ("Lemhi"), Idaho, USA

Freeman Gold Corp. Announces the Successful Completion of Its 2022 Drill Program At Lemhi Gold Deposit, Idaho, USA

President recently bought CA$59k worth of stock

Less than half of directors are independent

Freeman Gold Corp. Reports Results of 15 Diamond Drill Holes from its 12,000M Phase II Resource Expansion and Infill Drill Program at its 100% Owned Lemhi Gold Deposit, Idaho, USA

Freeman Releases Assays for First 11 Holes - Extends Lemhi Shallow Oxide Gold Mineralizaton to the East

Freeman Gold Corp. Provides Lemhi Gold Project Update

Freeman Gold Corp. Receives Approval of A Permit to Appropriate Water

Freeman Gold Corp. Receives Approval of Plan of Operations and Provides Lemhi Gold Project Update

Less than half of directors are independent

Freeman Gold Corp., Annual General Meeting, Jun 22, 2022

We're Not Worried About Freeman Gold's (CVE:FMAN) Cash Burn

Freeman Gold Corp. Adds Two Additional Drill Rigs - Beauty Zone Drill Core Sent for Analysis

Freeman Gold Corp. announced that it has received $13.391566 million in funding

Less than half of directors are independent

Independent Director recently bought CA$101k worth of stock

Less than half of directors are independent

Freeman Gold Corp. announced that it has received CAD 2.9998 million in funding

Less than half of directors are independent

Independent Director Ronald Stewart has left the company

Less than half of directors are independent

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

Freeman Gold Corp. Files NI 43-101 Technical Report for Maiden High-Grade Oxide Gold Resource Estimate for Lemhi Deposit, Idaho

Freeman Gold Corp. Defines 11 High Quality Exploration Targets Proximal to Lemhi Resource