Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Forsys Metals Corp. functions as an exploration firm dedicated to acquiring, exploring, and developing mineral properties throughout Namibia, Africa. The company primarily targets deposits of uranium and gold. Its principal undertaking is the Norasa Uranium Project, an initiative that encompasses two main sites: the Valencia project, covering 735.6 hectares southwest of Usakos in central-west Namibia, and the Namibplaas project, located immediately northeast of Valencia. Established in 1985 and headquartered in Toronto, Canada, the company assumed its current name, Forsys Metals Corp., in June 2005, having previously been known as Forsys Technologies Inc.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks.