Formation Minerals, Inc. Share Price

Equities

FOMI

US81726B1089

Oil & Gas Exploration and Production

Market Closed - OTC Markets 12:32:56 12/06/2024 am IST 5-day change 1st Jan Change
0.039 USD -42.57% Intraday chart for Formation Minerals, Inc. -42.50% 0.00%
Sales 2022 7L 6.01Cr Sales 2023 9L 7.72Cr Capitalization 24.71L 21Cr
Net income 2022 -30L -25Cr Net income 2023 -10L -8.34Cr EV / Sales 2022 * -
Net cash position 2022 * - 0 Net cash position 2023 * - 0 EV / Sales 2023 * -
P/E ratio 2022 *
-
P/E ratio 2023 *
-
Employees 3
Yield 2022 *
-
Yield 2023 *
-
Free-Float 73.67%
More Fundamentals * Assessed data
Dynamic Chart
1 day-42.57%
1 week-42.50%
Current month-53.23%
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1 week
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Extreme 0.03905
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1 month
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Extreme 0.025
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Current year
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1 year
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Extreme 0.025
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3 years
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5 years
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Extreme 0.025
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10 years
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Extreme 0.025
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Formation Minerals, Inc. is an energy company. The Company is an oil and gas investment asset management firm engaged in the acquisition and development of onshore oil and gas properties within the oil and gas play in the United States. The Company focuses on the acquisition of and exploitation of upstream energy assets, specifically targeting oil and gas mineral interests, oil and gas royalty interests, and select non-operated working interests. The Company holds over 50,000 gross acres of royalty interests with over 300 wells producing across the major basins of the United States (US). The Company has mineral and royalty interests in several properties across seven US states, which include Colorado, Louisiana, Ohio, Oklahoma, Texas, West Virginia, and Wyoming. A total of approximately 412 reserves cases have been identified and evaluated. These include producing, non-producing and undeveloped wells or leases.
More about the company