Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
FRG.CN
STRONG SELLREMOVEForge Resources Corp. · Basic Materials · Canada · $27M · Avg Vol: $35K/d
Forge Resources is a micro-cap mineral exploration company. It is pre-revenue, highly speculative, and lacks the cash flow generation and scale required by our Buffett and Terry Smith lenses.
COMPANY DESCRIPTION
Forge Resources Corp. is a junior exploration company focused on the acquisition and exploration of high-grade gold and silver properties in North America. The company targets under-explored geological terrains within established mining districts to maximize the probability of discovery. Forge's disciplined capital allocation strategy ensures that the majority of funds are directed toward active exploration and drilling programs.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | — |
| EPS | — | -0.03 | -0.10 | -0.03 | -0.05 | — |
| Shares | — | 58M | 62M | 83M | 93M | +59.8% |
| Debt | 786,285 | 614,015 | 992,087 | 120,034 | 904,464 | 3.6% |
| Equity | — | 5M | -532,058 | 5M | 8M | 18.8% |
| Op CF | — | -783,839 | -188,141 | -2M | -590,302 | — |
| Inv CF | — | -1M | -186,558 | -3M | -4M | — |
| Fin CF | — | 2M | 288,475 | 5M | 4M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of FRG.CN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FRG.CN | Forge Resources Corp.(you) | $27M | 0 | STRONG SELL |
| HWG.CN | Headwater Gold Inc. | $28M | 0 | STRONG SELL |
| GTCH.CN | Getchell Gold Corp. | $38M | 2 | STRONG SELL |
| ONAU.V | ONGold Resources Ltd. | $43M | 0 | STRONG SELL |
| UG.CN | UpsideGold | $45M | 2 | STRONG SELL |
| HMR.V | Homerun Resources Inc. | $45M | 2 | STRONG SELL |
| GSR.V | Gold Strike Resources Corp. | $43M | 5 | STRONG SELL |
| USGD.CN | American Pacific Mining Corp. | $35M | 13 | STRONG SELL |
| GPAC.V | Great Pacific Gold Corp. | $57M | 4 | STRONG SELL |
| TAJ.V | Tajiri Resources Corp. | $42M | 12 | STRONG SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%