The stock of FORTUNE BAY CORP (CVE:FOR) is a huge mover today! About 25,750 shares traded hands or 31.28% up from the average. FORTUNE BAY CORP (CVE:FOR) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
The move comes after 7 months positive chart setup for the $13.00 million company. It was reported on Oct, 18 by Barchart.com. We have $1.45 PT which if reached, will make CVE:FOR worth $12.09 million more.
More recent FORTUNE BAY CORP (CVE:FOR) news were published by: Marketwatch.com which released: “Fortune Bay Corp. Early Warning Press Release” on June 28, 2016. Also Bizjournals.com published the news titled: “Pinellas alternative fuel firm has deal for ‘largest sale’ in its history” on October 17, 2016. Fortune.com‘s news article titled: “Why Saks Buying Gilt Makes a Ton of Sense” with publication date: December 15, 2015 was also an interesting one.
FOR Company Profile
Forestar Group Inc., incorporated on December 28, 2005, is a residential and mixed-use real estate development company. The Firm operates through three divisions: Real Estate, Oil and Gas, and Other Natural Resources. The Company’s Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. The Company’s Oil and Gas segment is an independent gas and oil exploration, development and production operation and manages its owned and leased mineral interests. The Company’s Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Firm owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets. It also own approximately 590,000 net acres of gas and oil fee mineral interests located in Texas, Louisiana, Georgia and Alabama. In addition, it owns interests in various other assets. The Company’s non-core assets include its investment in gas and oil working interests, approximately 89,000 acres of timberland and undeveloped land and commercial and income producing properties, which consists of approximately one hotel, seven multifamily properties and two multifamily sites.
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