Formation Minerals, Inc. (FOMI)
| Market Cap | 10.00K -99.7% |
| Revenue (ttm) | -21.42K -74.1% |
| Net Income | -1.69M |
| EPS | -0.01 |
| Shares Out | 100.04M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | n/a |
| Open | 0.0001 |
| Previous Close | 0.0001 |
| Day's Range | 0.0001 - 0.0001 |
| 52-Week Range | 0.0001 - 0.0440 |
| Beta | 385.76 |
| Analysts | Strong Buy |
| Price Target | 1.00 (+999,900.03%) |
| Earnings Date | Jul 31, 2026 |
About Formation Minerals
Formation Minerals, Inc. engages in the acquisitions and development of oil and gas mineral. It owns royalty interests and holds a non-operated working interest in the oil and gas operations in the United States. The company is based in Jacksboro, Texas. [Read more]
Financial Performance
In fiscal year 2024, Formation Minerals's revenue was $1,146, a decrease of -74.05% compared to the previous year's $4,417. Losses were -$1.68 million, 119.0% more than in 2023.
Financial StatementsNews
Formation Minerals enters $10M equity financing agreement
Formation Minerals (FOMI) entered into an Equity Financing Agreement with GHS Investments to raise up to $10,000,000, subject to the satisfaction or waiver of certain customary conditions. GHS has suc...
Formation Minerals initiated with a Buy at Litchfield Hills
Litchfield Hills analyst Theodore O’Neill initiated coverage of Formation Minerals (FOMI) with a Buy rating and $2 price target The firm says Formation is an emerging mineral and royalty energy…