FRSPF
First Phosphate Corp.
OTC Markets OTCQXUSDEQUITY
Basic Materials
DELAYED
Last price
1.86
▲ 0.12 (6.90%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
1.78
Prev close
1.74
Day high
1.87
Day low
1.76
Volume
50.88K
Market cap
$351.81M
P/E (TTM)
—
52W range
0.32 – 1.88
Day trading desk
Gap from prior close
+2.30%
Prior close 1.74
VWAP
1.82
+2.25% from price
Relative volume
0.28×
Quiet session
Session range
6.25%
1.76 – 1.87
Position in range
91%
Near session high
ATR (14D)
0.14
7.48% of price
Prior day high
1.76
PDH
Prior day low
1.64
PDL
Bid / ask spread
—
Quote not published
Session volume
64.12K
Avg 228.03K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+9.83%
+11.2%
1M
+72.54%
+68.8%
3M
+38.32%
+35.2%
6M
+230.37%
+219.3%
YTD
+143.46%
+131.2%
1Y
+463.64%
+443.6%
3Y
+600.30%
+526.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FRSPF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
36.14M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 10, 26 | Kent (James Peter) Director of Issuer |
— | 0 | — | Indirect |
| Jun 12, 26 | Zeifman (Laurence Wayne) Director of Issuer |
BUY | 50.00K | $71.50K | Direct |
| Apr 17, 26 | Nicholson (Peter J.F.) Director of Issuer |
— | 2.21M | — | Indirect |
| Apr 1, 26 | Lavoie (Steeve) Senior Officer of Issuer |
— | 0 | — | Direct |
| Mar 31, 26 | Kurtz (Bennett) 10% Security Holder of Issuer |
— | 1.00M | — | Indirect |
| Mar 20, 26 | Passalacqua (John) 10% Security Holder of Issuer |
— | 2.90M | — | Indirect |
| Mar 7, 26 | Laverdiere (Gilles) Senior Officer of Issuer |
EXERCISE | 300.00K | $88.50K | Direct |
| Feb 28, 26 | Armand (McKenzie) Senior Officer of Issuer |
— | 102.00K | — | Direct |
| Feb 28, 26 | Dufour (David) Senior Officer of Issuer |
— | 102.00K | — | Indirect |
| Feb 28, 26 | Kurtz (Bennett) 10% Security Holder of Issuer |
— | 198.00K | — | Indirect |
| Feb 28, 26 | Nicholson (Peter J.F.) Director of Issuer |
— | 120.00K | — | Indirect |
| Feb 28, 26 | Passalacqua (John) 10% Security Holder of Issuer |
— | 396.00K | — | Indirect |
| Feb 28, 26 | Zeifman (Laurence Wayne) Director of Issuer |
— | 120.00K | — | Indirect |
| Feb 20, 26 | Passalacqua (John) 10% Security Holder of Issuer |
— | 781.39K | — | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Armand (McKenzie) |
Senior Officer of Issuer | 926.60K | Exercise of rights |
Dufour (David) |
Senior Officer of Issuer | — | Exercise of rights |
Kent (James Peter) |
Director of Issuer | — | Opening Balance-Initial SEDI Report |
Kurtz (Bennett) |
10% Security Holder of Issuer | — | Conversion or exchange |
Laverdiere (Gilles) |
Senior Officer of Issuer | 1.24M | Exercise of options |
Lavoie (Steeve) |
Senior Officer of Issuer | 15.00K | Opening Balance-Initial SEDI Report |
Nicholson (Peter J.F.) |
Director of Issuer | — | Conversion or exchange |
Passalacqua (John) |
10% Security Holder of Issuer | — | Conversion or exchange |
Zeifman (Laurence Wayne) |
Director of Issuer | 121.43K | Acquisition or disposition under a prospectus exemption |
Fundamentals
Market cap$351.81M
Enterprise value$336.64M
Revenue (TTM)—
Gross profit—
EBITDA—
Net income$-29.69M
EPS (TTM)$-0.17
Free cash flow$-16.87M
Total cash$16.00M
Total debt$825.87K
Book value / share$0.09
Shares outstanding189.14M
Float150.54M
Short % of float—
Dividend yield—
Beta (5Y)1.79
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book21.73
EV / revenue—
EV / EBITDA—
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity-200.24%
Return on assets-116.71%
Debt / equity3.84
Current ratio6.14
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | — |
| Operating revenue | $0 | $0 | $0 | $0 | — |
| Cost of revenue | $13.48K | $0 | — | — | — |
| Gross profit | -$13.48K | $0 | — | — | — |
| Research & development | $2.89M | $1.15M | $1.29M | $377.39K | +151.7% |
| Selling, general & admin | $5.31M | $3.28M | $3.61M | $1.55M | +61.9% |
| Total operating expense | $24.61M | $8.58M | $8.60M | $3.27M | +186.9% |
| Operating income | -$24.63M | -$8.58M | -$8.60M | -$3.27M | -187.1% |
| Net interest income | -$78.00K | -$262.82K | -$8.80K | $0 | +70.3% |
| Pre-tax income | -$23.44M | -$7.63M | -$8.29M | -$3.19M | -207.3% |
| Net income | -$23.44M | -$7.63M | -$8.29M | -$3.19M | -207.3% |
| Net income to common | -$23.44M | -$7.63M | -$8.29M | -$3.19M | -207.3% |
| Basic EPS | -0.21 | -0.10 | -0.02 | -0.01 | -110.0% |
| Diluted EPS | -0.21 | -0.10 | -0.02 | -0.01 | -110.0% |
| EBIT | -$23.11M | -$7.23M | -$8.23M | -$3.19M | -219.7% |
| EBITDA | -$23.09M | -$7.23M | -$8.23M | -$3.19M | -219.5% |
| Basic shares | 114.28M | 77.53M | 552.36M | 253.72M | +47.4% |
| Diluted shares | 114.28M | 77.53M | 552.36M | 253.72M | +47.4% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $20.19M | $1.87M | $7.50M | $1.18M | +977.7% |
| Cash & short-term investments | $20.19M | $1.87M | $7.50M | $1.18M | +977.7% |
| Accounts receivable | $101.04K | $0 | — | — | — |
| Total current assets | $24.77M | $3.69M | $8.97M | $2.21M | +570.8% |
| Property, plant & equipment | $3.71M | $3.59M | $3.56M | $3.64M | +3.3% |
| Total assets | $28.66M | $7.45M | $13.00M | $5.93M | +284.5% |
| Total current liabilities | $3.11M | $1.06M | $3.68M | $510.75K | +192.6% |
| Long-term debt | $726.21K | — | — | — | — |
| Total debt | $825.54K | $0 | — | — | — |
| Total liabilities | $3.89M | $1.06M | $3.68M | $510.75K | +266.7% |
| Retained earnings | -$53.02M | -$29.58M | -$21.95M | -$13.66M | -79.3% |
| Shareholder equity | $24.76M | $6.39M | $9.31M | $5.42M | +287.4% |
| Working capital | $21.67M | $2.63M | $5.29M | $1.70M | +723.4% |
| Net tangible assets | $24.76M | $6.39M | $9.31M | $5.42M | +287.4% |
| Shares issued | 177.20M | 89.95M | 73.79M | 48.32M | +97.0% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | -$23.44M | -$7.63M | -$8.29M | -$3.19M | -207.3% |
| Depreciation & amortisation | $13.48K | $0 | — | — | — |
| Stock-based compensation | $3.32M | $2.50M | $1.65M | $577.80K | +32.9% |
| Change in working capital | -$555.40K | -$2.58M | $3.20M | -$678.73K | +78.5% |
| Operating cash flow | -$21.24M | -$8.32M | -$3.70M | -$3.36M | -155.3% |
| Capital expenditure | -$26.74K | — | — | -$1.82M | — |
| Investing cash flow | -$26.74K | $0 | $0 | -$1.90M | — |
| Financing cash flow | $39.58M | $2.70M | $10.02M | $6.45M | +1,368.5% |
| Free cash flow | -$21.27M | -$8.32M | -$3.70M | -$5.18M | -155.7% |
| End cash position | $20.19M | $1.87M | $7.50M | $1.18M | +977.7% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2024-11-30 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Operating revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Cost of revenue | $13.55K | $10.39K | $3.08K | — | $0 | $0 | +30.4% |
| Gross profit | -$13.55K | -$10.39K | -$3.08K | — | $0 | $0 | -30.4% |
| Research & development | $1.43M | $2.03M | $588.51K | $143.08K | $131.15K | — | -29.5% |
| Selling, general & admin | $2.22M | $2.79M | $1.32M | $601.50K | $604.73K | — | -20.3% |
| Total operating expense | $8.21M | $14.53M | $5.80M | $2.25M | $2.03M | — | -43.5% |
| Operating income | -$8.23M | -$14.54M | -$5.80M | -$2.25M | -$2.03M | — | +43.4% |
| Net interest income | $84.11K | $220.21K | $4.13K | -$82.15K | -$87.16K | — | -61.8% |
| Pre-tax income | -$7.99M | -$13.91M | -$5.78M | -$2.01M | -$1.75M | — | +42.5% |
| Net income | -$7.99M | -$13.91M | -$5.78M | -$2.01M | -$1.75M | — | +42.5% |
| Net income to common | -$7.99M | -$13.91M | -$5.78M | -$2.01M | -$1.75M | — | +42.5% |
| Basic EPS | -0.04 | — | -0.00 | -0.00 | -0.02 | -0.00 | — |
| Diluted EPS | -0.04 | — | -0.00 | -0.00 | -0.02 | -0.00 | — |
| EBIT | -$7.98M | -$13.91M | -$5.78M | -$1.91M | -$1.65M | — | +42.6% |
| EBITDA | -$7.97M | -$13.90M | -$5.78M | -$1.91M | -$1.65M | — | +42.7% |
| Basic shares | 178.29M | — | 1.40B | 1.09B | 90.29M | 761.57M | — |
| Diluted shares | 178.29M | — | 1.40B | 1.09B | 90.29M | 761.57M | — |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $16.00M | $20.19M | $19.98M | $7.59M | $3.17M | — | -20.8% |
| Cash & short-term investments | $16.00M | $20.19M | $19.98M | $7.59M | $3.17M | — | -20.8% |
| Accounts receivable | — | $101.04K | — | — | — | $0 | — |
| Total current assets | $21.98M | $24.77M | $21.33M | $10.92M | $4.97M | — | -11.3% |
| Property, plant & equipment | $3.70M | $3.71M | $3.62M | $3.59M | $3.59M | — | -0.4% |
| Total assets | $25.85M | $28.66M | $25.13M | $14.68M | $8.74M | — | -9.8% |
| Total current liabilities | $3.58M | $3.11M | $1.23M | $264.23K | $568.15K | — | +15.2% |
| Long-term debt | $736.00K | $726.21K | — | — | — | — | +1.3% |
| Total debt | $825.87K | $825.54K | $5.43K | — | — | $0 | +0.0% |
| Total liabilities | $4.36M | $3.89M | $1.24M | $264.23K | $568.15K | — | +12.2% |
| Retained earnings | -$61.01M | -$53.02M | -$39.11M | -$33.33M | -$31.32M | — | -15.1% |
| Shareholder equity | $21.49M | $24.76M | $23.89M | $14.42M | $8.17M | — | -13.2% |
| Working capital | $18.40M | $21.67M | $20.10M | $10.66M | $4.40M | — | -15.1% |
| Net tangible assets | $21.49M | $24.76M | $23.89M | $14.42M | $8.17M | — | -13.2% |
| Shares issued | 187.98M | 177.20M | 151.22M | 123.55M | 97.02M | — | +6.1% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$7.99M | -$13.91M | -$5.78M | -$2.01M | -$1.75M | +42.5% |
| Depreciation & amortisation | $13.55K | $10.39K | — | — | $0 | +30.4% |
| Stock-based compensation | $1.43M | $1.80M | $652.97K | $423.58K | $441.39K | -20.6% |
| Change in working capital | -$784.42K | -$980.99K | $2.46M | -$1.72M | -$312.27K | +20.0% |
| Operating cash flow | -$7.47M | -$13.19M | -$2.63M | -$3.54M | -$1.88M | +43.4% |
| Financing cash flow | $3.28M | $13.42M | $15.02M | $7.95M | $3.18M | -75.6% |
| Free cash flow | -$7.47M | -$13.22M | -$2.63M | -$3.54M | -$1.88M | +43.5% |
| End cash position | $16.00M | $20.19M | $19.98M | $7.59M | $3.17M | -20.8% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| May 2026 | -0.03 | — | — |
| Feb 2026 | -0.02 | -0.09 | -335.7% |
| Nov 2025 | -0.01 | — | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.02 | 1 | $0 | — |
| Next quarter | -0.02 | 1 | $0 | 0.0% |
| Current year | -0.09 | 1 | $0 | 0.0% |
| Next year | — | — | $0 | 0.0% |
Analyst targets & ownership
Mean target$2.00
High target$2.00
Low target$2.00
Implied upside7.53%
Analyst count1
ConsensusSTRONG BUY
Strong buy / Buy0 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders19.11%
Held by institutions0.14%
Institutions holding1
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1.58
+17.44% from price
SMA 20
1.35
+38.19% from price
SMA 50
1.21
+53.65% from price
SMA 100
1.13
+64.09% from price
SMA 200
0.90
+106.70% from price
EMA 12
1.57
+18.80% from price
EMA 26
1.39
+34.14% from price
EMA 50
1.27
+46.54% from price
RSI (14)
78.2
Overbought
MACD (12,26,9)
0.18
Hist 0.06
ATR (14)
0.14
7.48% of price
Realised vol 30D
89.3%
Annualised
Bollinger upper
1.92
20, 2σ
Bollinger lower
0.77
20, 2σ
50 / 200 cross
Golden
1.21 vs 0.90
Trend bias
Above 200
+106.70%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.33
More volatile than market
Correlation to SPY
0.30
Largely independent
Realised vol 30D
89.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-37.8%
Peak to trough
Max drawdown 5Y
-75.5%
Peak to trough
ATR 14
0.14
7.48% of price
Beta (reported)
1.79
5Y monthly, from filing
Headlines
Clean Energy Metals Virtual Investor Conference Agenda Announced
GlobeNewswire · 4d ago
Presenting on Emerging Growth Conference 95 Day 2 on August 20; Register to live stream
GlobeNewswire · 4d ago
Emerging Growth Research Releases Flash Report on First Phosphate; Reiterates Buy Rating and C$4.94 Price Target Following Nasdaq Uplisting
ACCESS Newswire · 6d ago
First Phosphate and BioVie Interviews to Air Nationally on the RedChip Small Stocks, Big Money(TM) Show on CNBC and Bloomberg TV
ACCESS Newswire · 9d ago
First Phosphate marks Nasdaq listing with opening bell ceremony
Proactive · 10d ago
First Phosphate to Ring Nasdaq Opening Bell to Mark Company Listing on the Nasdaq Global Market
TMX Newsfile · 10d ago
First Phosphate uplists to Nasdaq Global Market, targets feasibility study by end of 2026
Proactive · 13d ago
First Phosphate uplists ADRs to Nasdaq Global Market
Proactive · 13d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.