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FY2017 Annual Report: Fortune Bay reports Loss of CAD660,710 ($US525,797) Corporate Wire Date: 20 November 2018 03:34 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

Fortune Bay (TSXV:FOR) reported a loss for the year-ended 31 December 2017 of CAD660,710 ($US525,797).

Highlights

- Working capital to total assets of -1.7%

- Operating Cash Flow is negative

- Net tangible assets per share of CAD0.8 (US63c)

- Current ratio of 0.2

- Total debt to net tangible assets of 0.005

- Losses in all of the last 5 years

- EPS of -4.0c (-US3.18c)

- Loss CAD660,710 ($US525,797)

Annual Report:2...