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Formation Minerals OTCPK:FOMI Stock Report

Last Price

US$0.07

Market Cap

US$4.4m

7D

74.6%

1Y

n/a

Updated

19 Jul, 2024

Data

Company Financials

Formation Minerals, Inc.

OTCPK:FOMI Stock Report

Market Cap: US$4.4m

Formation Minerals, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Formation Minerals
Historical stock prices
Current Share PriceUS$0.07
52 Week HighUS$0.13
52 Week LowUS$0.025
Beta0
11 Month Change2.94%
3 Month Changen/a
1 Year Changen/a
33 Year Changen/a
5 Year Changen/a
Change since IPO7.69%

Recent News & Updates

Recent updates

Shareholder Returns

FOMIUS Oil and GasUS Market
7D74.6%2.7%-0.7%
1Yn/a13.7%20.2%

Return vs Industry: Insufficient data to determine how FOMI performed against the US Oil and Gas industry.

Return vs Market: Insufficient data to determine how FOMI performed against the US Market.

Price Volatility

Is FOMI's price volatile compared to industry and market?
FOMI volatility
FOMI Average Weekly Movement74.9%
Oil and Gas Industry Average Movement4.9%
Market Average Movement5.9%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: FOMI's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine FOMI's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
20103Scott Coxwww.formationminerals.com

Formation Minerals, Inc. engages in the oil and gas exploration and investment business. It has mineral and royalty interests in various properties. The company was formerly known as Verde Bio Holdings, Inc. and changed its name to Formation Minerals, Inc. Formation Minerals, Inc. was incorporated in 2010 and is based in Frisco, Texas.

Formation Minerals, Inc. Fundamentals Summary

How do Formation Minerals's earnings and revenue compare to its market cap?
FOMI fundamental statistics
Market capUS$4.43m
Earnings (TTM)-US$2.66m
Revenue (TTM)US$342.70k

12.9x

P/S Ratio

-1.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FOMI income statement (TTM)
RevenueUS$342.70k
Cost of RevenueUS$249.99k
Gross ProfitUS$92.71k
Other ExpensesUS$2.75m
Earnings-US$2.66m

Last Reported Earnings

Jan 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.042
Gross Margin27.05%
Net Profit Margin-776.13%
Debt/Equity Ratio51.0%

How did FOMI perform over the long term?

See historical performance and comparison
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