Formation Minerals Inc (FOMI)

$0.03 -0.01 (-18.70%)
Market Cap 3.69M
Revenue (ttm) 0.00
Net Income (ttm) -1.68M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE 2.90
Profit Margin 0.00%
Debt to Equity Ratio 0.00
Volume 2,000
Avg Vol 11,572
Day's Range N/A - N/A
Shares Out 100.04M
Stochastic %K 57%
Beta N/A
Analysts Strong Sell
Price Target $1.00

Company Profile

Formation Minerals, Inc. acquires and manages oil and gas minerals and royalties in the United States. It owns producing mineral, royalty, and over-riding royalty interests. The company is based in Jacksboro, Texas.

Industry: Oil & Gas E&P
Sector: Energy
Phone: 972 217 4080
Address:
203 South Church St., PO Box 67, Jacksboro, United States
StratFender
StratFender Jul. 1 at 4:20 PM
$FOMI I would not be surprised to see this run to where it started when they became FOMI .75
0 · Reply
Neversellcheap
Neversellcheap Jun. 30 at 4:45 PM
$FOMI 400 wells leased to some major operators.Yea this company is making its money based on ownership of the rights.And leases.There is major fraud here
1 · Reply
StratFender
StratFender Jun. 25 at 2:30 PM
$FOMI today 134 shares dropped the sp 44% OK.
1 · Reply
Neversellcheap
Neversellcheap Jun. 23 at 10:40 PM
$FOMI We or at least I demand a share audit!
0 · Reply
Neversellcheap
Neversellcheap Jun. 20 at 4:29 PM
$FOMI they buy the rights on wells,Then lease them out to operators.Company has 3 employees.Between Lease money and minerals royalties.This should be an easy play. Scott sucks coz
1 · Reply
Neversellcheap
Neversellcheap Jun. 14 at 2:24 AM
$FOMI Yea Oil is expected to really go up. They have over 400 wells.And nearly back to where it was before the split 5 years ago. There is market fraud here and everywhere. No market cops I guess
0 · Reply
StratFender
StratFender Jun. 9 at 7:37 PM
$FOMI Looks like someone is dumping at .03
1 · Reply
Neversellcheap
Neversellcheap Jun. 3 at 6:20 PM
$FOMI talk about fraud
0 · Reply
StratFender
StratFender May. 30 at 12:36 PM
$FOMI Will we start to have some volume now that FOMI has a Bid/Ask
1 · Reply
StratFender
StratFender May. 29 at 6:03 PM
$FOMI OTC Markets shows FOMI as PINK
0 · Reply
Latest News on FOMI
No data available.
StratFender
StratFender Jul. 1 at 4:20 PM
$FOMI I would not be surprised to see this run to where it started when they became FOMI .75
0 · Reply
Neversellcheap
Neversellcheap Jun. 30 at 4:45 PM
$FOMI 400 wells leased to some major operators.Yea this company is making its money based on ownership of the rights.And leases.There is major fraud here
1 · Reply
StratFender
StratFender Jun. 25 at 2:30 PM
$FOMI today 134 shares dropped the sp 44% OK.
1 · Reply
Neversellcheap
Neversellcheap Jun. 23 at 10:40 PM
$FOMI We or at least I demand a share audit!
0 · Reply
Neversellcheap
Neversellcheap Jun. 20 at 4:29 PM
$FOMI they buy the rights on wells,Then lease them out to operators.Company has 3 employees.Between Lease money and minerals royalties.This should be an easy play. Scott sucks coz
1 · Reply
Neversellcheap
Neversellcheap Jun. 14 at 2:24 AM
$FOMI Yea Oil is expected to really go up. They have over 400 wells.And nearly back to where it was before the split 5 years ago. There is market fraud here and everywhere. No market cops I guess
0 · Reply
StratFender
StratFender Jun. 9 at 7:37 PM
$FOMI Looks like someone is dumping at .03
1 · Reply
Neversellcheap
Neversellcheap Jun. 3 at 6:20 PM
$FOMI talk about fraud
0 · Reply
StratFender
StratFender May. 30 at 12:36 PM
$FOMI Will we start to have some volume now that FOMI has a Bid/Ask
1 · Reply
StratFender
StratFender May. 29 at 6:03 PM
$FOMI OTC Markets shows FOMI as PINK
0 · Reply
Joethedetailer
Joethedetailer May. 29 at 3:13 PM
$FOMI Fidelity didn’t let me buy @ 0.001 because it was expert market. I’m very optimistic on energy! The company I work for has been building data centers since the pandemic. These centers need 24/7 energy. Oil and gas is part of the equation.
1 · Reply
LoadedforBear
LoadedforBear May. 29 at 2:41 PM
$FOMI UHMMMM. what the heck is going on here.
2 · Reply
StratFender
StratFender May. 29 at 2:22 PM
$FOMI day high of .12
1 · Reply
Tottinater
Tottinater May. 29 at 12:58 PM
$FOMI loses $10K a day on average now. Twice the annual avg for 8 years
0 · Reply
NIVO
NIVO May. 21 at 12:51 PM
$FOMI still complete trash. lost all my positives long ago. way to go Mr. Ucker
0 · Reply
Neversellcheap
Neversellcheap May. 21 at 6:20 AM
$FOMI someone is lying
0 · Reply
Neversellcheap
Neversellcheap May. 20 at 12:09 AM
$FOMI big claims of ownership of mineral rights of over 400 wells.Thay would produce 10-20 thousand barrels a day.This company clearly is engaged in fraud
1 · Reply
StratFender
StratFender May. 19 at 10:54 PM
$FOMI Sure seems stuck on .0002
1 · Reply
Joethedetailer
Joethedetailer May. 16 at 8:19 PM
$FOMI
1 · Reply
nashstocks
nashstocks May. 15 at 3:54 PM
$FOMI Why can't they get their 10-Q current?
1 · Reply
Internettokencollector
Internettokencollector May. 12 at 8:00 PM
$FOMI hopefully Cox is taken out
0 · Reply
Neversellcheap
Neversellcheap May. 7 at 7:53 AM
$FOMI it’s not the company but the OTC itself. 90% of all OTC stocks are Absolutely rigged by the OTC markets themselves
0 · Reply