• LAST PRICE
    0.0836
  • TODAY'S CHANGE (%)
    Trending Up0.0039 (4.8934%)
  • Bid / Lots
    ---/ ---
  • Ask / Lots
    ---/ ---
  • Open / Previous Close
    0.0750 / 0.0797
  • Day Range
    Low 0.0750
    High 0.1200
  • 52 Week Range
    Low 0.0250
    High 0.2500
  • Volume
    5,934
    below average

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Price Comparison Graph. See accessible table below
1 Day Comparison Chart Accessibility Table. Thursday's close: 0.0797
TimeVolumeFOMI
09:32 ET10000.11
10:35 ET8000.1
11:45 ET25000.09
01:15 ET3500.094
01:21 ET3220.12
02:15 ET5000.0836
Data delayed at least 15 minutes.
Industry Peers Overview Table
Company sortableMarket Cap sortableP/E Ratio (TTM) sortableEPS Growth (5yr) sortable
United StatesFOMI
Formation Minerals Inc
6.7M
-2.4x
---
United StatesGBR
New Concept Energy Inc
6.8M
-223.6x
---
United StatesPVRS
Pukang Group Holdings Ltd
7.5M
-0.2x
---
United StatesNRIS
Norris Industries Inc
5.0M
-7.6x
---
United StatesSKPI
Sky Petroleum Inc
3.8M
44.1x
---
United StatesTEGY
Transact Energy Corp
3.3M
-1.5x
---
As of 2024-05-31

Company Information

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.

Contact Information

Headquarters
4730 S. Fort Apache Rd., Suite 300LAS VEGAS, NV, United States 89147
Phone
347-325-4677
Fax
---

Executives

President, Chief Executive Officer, Chief Financial Officer, Treasurer, Company Secretary, Director
Scott Cox

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Fundamentals Table
Market Cap
$6.7M
Revenue (TTM)
$1.2K
Shares Outstanding
84.5M
Dividend Yield
0.00%
Annual Dividend Rate
---
Ex-Dividend Date
01-01-01
Pay Date
01-01-01
Beta
---
EPS
$-0.03
Book Value
$-0.02
P/E Ratio
-2.4x
Price/Sales (TTM)
5,853.4
Price/Cash Flow (TTM)
---
Operating Margin
-123,834.80%
*GAAP = prior to non-GAAP analyst adjusted earnings.

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