Fredonia Mining (FRED) Stock Price Prediction from 2024 to 2045 (Complete Information)

Business Overview

Fredonia Mining is a growing mining company based in Toronto, Ontario. Fredonia Mining runs exploration for gold and silver in Deseado Massif. El Dorado is the most important project of the company which is located about 17 kilometers from Cerro Vanguardia. The project is located in Argentina in the Santa Cruz Province. The place is valued so much because it has a low-sulfidation epithermal system – a system which signs of the housing of high-quality gold.

Another two valuable projects of the company are El Aguila and Hornia. The journey of the company has been a cherry walk – the company was delisted from the market, and the trading in the shares were also stopped multiple times in the last 10 years.

Are you interested to know how the company has performed in the past years and how it will perform in the upcoming years? For interested readers like you, we have created this blog post on Fredonia Mining (FRED) Stock Price Prediction.

Fredonia Mining (FRED) Stock Price Prediction 2024 – 2050

Fredonia Mining (FRED) Stock Price Prediction 2024

An uptrend shifted the momentum of TSXV FRED from January 2024 which is the reason why the share price moved upward in the next months. Considering the possibilities, 0.055 is the price predicted by our analysts to be the closing price for 2024.

Fredonia Mining (FRED) Stock Price Prediction 2025

The average price of the stock of Fredonia Mining (FRED) for 2025 will be CAD 0.058, with a high forecast of CAD 0.060, and a lower forecast of CAD 0.055.

Fredonia Mining (FRED) Stock Price Prediction 2026

The average price of the stock of Fredonia Mining (FRED) for 2026 will be CAD 0.063, with a high forecast of CAD 0.065, and a lower forecast of CAD 0.060.

Fredonia Mining (FRED) Stock Price Prediction 2027

The average price of the stock of Fredonia Mining (FRED) for 2027 will be CAD 0.068, with a high forecast of CAD 0.071, and a lower forecast of CAD 0.066.

Fredonia Mining (FRED) Stock Price Prediction 2028

The average price of the stock of Fredonia Mining (FRED) for 2028 will be CAD 0.075, with a high forecast of CAD 0.079, and a lower forecast of CAD 0.072.

Fredonia Mining (FRED) Stock Price Prediction 2029

The average price of the stock of Fredonia Mining (FRED) for 2029 will be CAD 0.081, with a high forecast of CAD 0.085, and a lower forecast of CAD 0.077.

Fredonia Mining (FRED) Stock Price Prediction 2030

The average price of the stock of Fredonia Mining (FRED) for 2030 will be CAD 0.089, with a high forecast of CAD 0.092, and a lower forecast of CAD 0.085.

Fredonia Mining (FRED) Stock Price Prediction 2035

The average price of the stock of Fredonia Mining (FRED) for 2035 will be CAD 0.136, with a high forecast of CAD 0.142, and a lower forecast of CAD 0.131.

Fredonia Mining (FRED) Stock Price Prediction 2040

The average price of the stock of Fredonia Mining (FRED) for 2040 will be CAD 0.210, with a high forecast of CAD 0.218, and a lower forecast of CAD 0.202.

Fredonia Mining (FRED) Stock Price Prediction 2045

The average price of the stock of Fredonia Mining (FRED) for 2045 will be CAD 0.323, with a high forecast of CAD 0.336, and a lower forecast of CAD 0.310.

Documented Stock Price Fredonia Mining (FRED):

We have listed out the closing price of the share in different years. Please note that the shares did not trade for a few years in the past, which we have mentioned as “N/A”. 

Fredonia Mining (FRED) Stock Price 2014

On 2nd January 2014, the shares of Fredonia Mining (FRED) began trading at the price 0.015 CAD. In February, the shares went up at 0.025. After February, the stock was in June when the stock price opened at 0.070 CAD.

After June, the shares started trading again in September and this was the first time there was a difference between the opening and the closing price of the shares of the company. October was the last month of the year when the stock traded. In that month, it closed at 0.015.

Fredonia Mining (FRED) Stock Price 2016

After a year-long break in 2016, Fredonia Mining (FRED) opened in January 2016 at 0.005 CAD. It traded for just 2 months in 2016, namely January and March. The closing price of FRED in March was 0.005 CAD.

Fredonia Mining (FRED) Stock Price 2017

With a whooping gain of 1899%, the shares of Fredonia Mining (FRED) opened at the value of 0.025 in December. From that value, the stock climbed to 0.135 CAD in that month.

Fredonia Mining (FRED) Stock Price 2018

For the first time in 2018 the shares of the company traded for 4 consecutive months. In January the stock lost its value by 70% and closed at 0.040 CAD. As the stock traded for the last time in 2018, it traded around the value of 0.075 CAD.

Fredonia Mining (FRED) Stock Price 2020

On 3 February 2020, FRED started at 0.025 and closed at 0.070 CAD for that month. The share price went down in a cascade style from March to November 2020. After losing 16.67%, they stopped trading at 0.035 CAD in November 2020.

Fredonia Mining (FRED) Stock Price 2021

7 months after November’s closing, the shares got live on the market on 2nd July 2021 when it started to trade on a regular basis. The opening price of the stock for 2021 was 370%. It created a high of 0.370 CAD in November. FRED closed at 0.295 in December.

Fredonia Mining (FRED) Stock Price 2022

The company’s shares kept on continuing the upward momentum from 2021 in January and February, 2022. In March 2022, its price declined 22.58% as it started a downtrend. In the last two months of the year, the shares tried to reclaim the price it lost in the previous months – the closing price was 0.120 CAD.

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Fredonia Mining (FRED) Stock Price 2023

As the bell rang for the first trading session in 2023, the recorded price of FRED was 0.110 CAD. It made the yearly high in February at the price of 0.155 CAD. The stock faced a downtrend from August 2023 for which it closed at 0.040 CAD in December 2023.

Technical analysis of Fredonia Mining (FRED) Stock Price:

Chart and trend analysis:

From December 20231 to July 2024, the stock was in an uptrend, but unfortunately in spite of having extraordinary volume in August, the stock broke that trend.

Support and resistance analysis:

A strong support awaits for the stock at the level of 0.025 CAD. The next resistance is around 0.055 – it is the price from which the stock rebounded in the last month.

Fundamental analysis of Fredonia Mining (FRED)

Financial overview:

The company has not generated any revenue in the last 5 years. The market cap of FRED is at 7.79 million Canadian dollars. As of the last year, the company has an asset worth $263,156 which was almost double 3 months earlier ($424,332).

Performance:

The net loss of TSXV FRED stood at $313218 for the last three months of 2023.  In the first quarter of 2024, the net loss of the company stood at $372,216.

Disclaimer:

The details provided here are for general information only and not investment advice. Always research and consult a professional before investing.

Frequently asked questions:

Hilda J. Condit

 

Welcome to PredictTorontoStocks! I’m Hilda J. Condit, a seasoned finance professional with a passion for the stock market and a deep-rooted connection to the Toronto Stock Exchange (TSX). With a Bachelor’s degree in Finance and specialized training from CSI Global Education’s Canadian Securities Course (CSC), I bring years of experience and expertise to the world of investment.

Over the years, I have had the privilege of working closely with the TSX, gaining valuable insights and building strong relationships with a diverse range of clients across Canada. My career has been dedicated to providing tailored investment advice and helping individuals and institutions navigate the complexities of the stock market.

In launching PredictTorontoStocks, my goal is to share my knowledge and offer precise stock price predictions to empower investors in making informed decisions. Drawing on my extensive experience and analytical skills, I am committed to delivering accurate forecasts and valuable insights that can help you achieve your investment goals.

Thank you for joining me on this journey. I look forward to contributing to your success in the dynamic world of Toronto stocks.