Q: Could I please have your view on First Tellurium Corp Com.
5i Research Answer:
FTEL is a micro cap metals and mining company at $11.73M market cap. The stock looks very volatile, being up significantly in January, but down almost 44% in the last year. It is pre-revenue with minimal cash and debt on the balance sheet. It is a highly speculative play. It will continually need capital for some time, is too risky, too early and too small for us to endorse. Insiders own 11%. Basically, it is a lottery ticket on drilling.