First America Resources Corporation (FSTJ) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First America Resources Corporation (FSTJ) trades at $0.49. First America Resources Corporation is a shell company with a history in the lithium-ion battery sector. Market cap: $43.1M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for FSTJ: FSTJ does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FSTJ against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on FSTJ.
How is this calculated? →First America Resources Corporation (FSTJ) Financial Services Profile
First America Resources Corporation, formerly Golden Oasis New Energy Group, is a shell company incorporated in 2010, lacking significant operations after previously engaging in the lithium-ion battery sector. Trading on the OTC market, the company presents a high-risk profile within the financial services industry.
What Is the Investment Thesis for FSTJ?
First America Resources Corporation presents a speculative investment opportunity due to its status as a shell company with no significant operations. With a market capitalization of $43.1M and a P/E ratio of 182.72, the company's valuation is not tied to current business activities. Potential value drivers include the possibility of a reverse merger or acquisition, which could introduce new operations and revenue streams. However, the lack of ongoing business and reliance on speculative events make this a high-risk investment. Investors should carefully consider the company's OTC market listing and limited disclosure requirements before investing. The negative beta of -1.20 suggests an inverse correlation with the market, but this may not be indicative of future performance.
Based on FMP financials and quantitative analysis
FSTJ Key Highlights
Market capitalization of $43.1M, reflecting its small size and speculative nature.
- P/E ratio of 182.72, indicating a high valuation relative to current earnings.
- Profit margin of 2.3%, reflecting limited profitability from past operations.
- Gross margin of 39.1%, suggesting potential for higher profitability if operations were to resume.
- Beta of -1.20, indicating an inverse correlation with the market, but potentially unreliable due to the company's lack of operations.
Who Are FSTJ's Competitors?
FSTJ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADIA Adia Nutrition, Inc. | $0.12 | +9.08% | $11.3M | 48 |
| INACU Indigo Acquisition Corp. | $12.08 | +16.94% | $34.9M | 60 |
| HHGC HHG Capital Corporation | $11.12 | +0.09% | $56.2M | 63 |
| MAAQ Mana Capital Acquisition Corp. | $5.99 | -24.18% | $57.0M | 61 |
| CLAY Chavant Capital Acquisition Corp. | $10.66 | +6.39% | $29.6M | 62 |
| CLAYU Chavant Capital Acquisition Corp. | $10.97 | +18.34% | $27.5M | 62 |
| RCLFU Rosecliff Acquisition Corp I | $11.33 | +11.74% | $77.2M | 62 |
| MMTXU Miluna Acquisition Corp is a blank check company incorporated in 2025, focusing on mergers, acquisitions, and similar business combinations. The company | $10.75 | +6.44% | $82.7M | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FSTJ's Key Strengths?
Existing public listing on the OTC market
- Low market capitalization
- Potential for a reverse merger or acquisition
What Are FSTJ's Weaknesses?
Lack of significant operations
- Limited financial resources
- Dependence on speculative events
What Could Drive FSTJ Stock Higher?
Potential announcement of a reverse merger agreement.
- Identification of a new business venture.
- Efforts to secure funding for future operations.
What Are the Key Risks for FSTJ?
Negative return on equity (-6.2%) — the business is not currently generating profit on shareholder capital.
- Failure to attract a suitable merger partner.
- Inability to secure funding for a new business venture.
- Limited financial resources and lack of operations.
- High risk of price manipulation due to low trading volume.
- Increased regulatory scrutiny of shell companies.
What Are the Growth Opportunities for FSTJ?
- Reverse Merger: First America Resources Corporation's primary growth opportunity lies in a potential reverse merger with a private company seeking to go public. The shell company structure allows a private entity to bypass the traditional IPO process, saving time and resources. The success of this strategy depends on identifying a suitable merger partner with strong growth prospects. The market for reverse mergers is estimated to be worth billions, with ongoing activity in various sectors.
- Acquisition: Another growth avenue involves First America Resources Corporation being acquired by a larger company. This could provide shareholders with a premium over the current market price. The attractiveness of FSTJ as an acquisition target depends on its remaining assets, if any, and its existing public listing. The timeline for a potential acquisition is uncertain and depends on market conditions and strategic interests of potential acquirers.
- New Business Venture: First America Resources Corporation could pivot to a new business venture, leveraging its existing corporate structure and public listing. This would require significant capital investment and a well-defined business plan. The success of this strategy depends on identifying a viable market opportunity and assembling a capable management team. The timeline for launching a new business venture is uncertain and depends on the availability of resources and strategic planning.
- Asset Acquisition: First America Resources Corporation could acquire assets from other companies, potentially revitalizing its operations. This could involve acquiring intellectual property, equipment, or other resources that align with a new business strategy. The success of this strategy depends on identifying undervalued assets and integrating them effectively into the company's operations. The timeline for asset acquisition is uncertain and depends on market conditions and available opportunities.
- Strategic Partnership: First America Resources Corporation could form a strategic partnership with another company to leverage complementary resources and expertise. This could involve collaborating on new product development, marketing, or distribution. The success of this strategy depends on finding a suitable partner with aligned interests and a clear framework for collaboration. The timeline for forming a strategic partnership is uncertain and depends on identifying potential partners and negotiating mutually beneficial terms.
What Are FSTJ's Competitive Advantages?
- As a shell company, First America Resources Corporation's primary competitive advantage is its existing public listing.
- This allows a private company to go public more quickly and easily through a reverse merger.
- The company's low market capitalization may also make it an attractive acquisition target.
What Does FSTJ Do?
First America Resources Corporation, based in Morris, Illinois, was founded in 2010. Originally incorporated as Golden Oasis New Energy Group, the company underwent a name change in August 2014 to First America Resources Corporation. Its historical business involved the sale of lithium-ion batteries and related power supplies, primarily targeting the mobile and consumer electronics markets. However, First America Resources Corporation currently does not have significant operations. As a shell company, it lacks active business activities and revenue generation. The company's transition from a lithium-ion battery vendor to a non-operating entity reflects a significant shift in its business focus. The company's current market capitalization is approximately $0.04 billion. The company's future direction and potential for resuming operations remain uncertain. The company's single employee reflects its minimal operational footprint. The company's headquarters are located in Morris, Illinois.
What Products and Services Does FSTJ Offer?
- First America Resources Corporation is currently a shell company.
- Previously, the company was involved in selling lithium-ion batteries.
- The company targeted the mobile and consumer electronics markets.
- It now lacks significant operations.
- The company is based in Morris, Illinois.
- It trades on the OTC market.
How Does FSTJ Make Money?
- Currently, First America Resources Corporation does not have an active business model.
- Historically, the company generated revenue through the sale of lithium-ion batteries.
- The company's future business model depends on a potential reverse merger, acquisition, or new business venture.
What Industry Does FSTJ Operate In?
First America Resources Corporation operates within the shell company segment of the financial services industry. Shell companies are often used for reverse mergers or acquisitions, providing a quicker and less expensive route for private companies to go public. The market for shell companies is driven by demand from private entities seeking public listings. The competitive landscape includes other shell companies like AGSS and ETER, each vying for potential merger opportunities. The success of these companies depends on their ability to attract viable businesses for acquisition.
Who Are FSTJ's Key Customers?
- Historically, First America Resources Corporation's customers were in the mobile and consumer electronics industries.
- Currently, the company does not have active customers.
- Potential future customers depend on the company's future business direction.
Financial Health
First America Resources Corporation's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 4.40 places it in the safe zone, indicating low near-term bankruptcy risk.
FSTJ Valuation & Market Position
With a $43.1M market cap, First America Resources Corporation sits in the micro-cap segment of the market.
Key Financial Metrics
Return on equity for First America Resources Corporation stands at -6.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.3%, showing how much profit it generates from its asset base. FSTJ trades at a trailing price-to-earnings ratio of 563.98, above the Financial Services sector average of ~18x. Its free cash flow yield is 1.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.52 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.2%, the inverse of the P/E and a quick read on earnings relative to price.
Company Profile
First America Resources Corporation operates in the Shell Companies industry within the Financial Services sector. It is headquartered in Morris, US. The company is led by CEO Jian Li. FSTJ has traded publicly since 2012.
FSTJ Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those in the know see value, even if the broader market doesn't yet. It's like when insiders loaded up on Apple before the iPhone took off.
- The community's bullish narrative is centered around FSTJ's potential to disrupt the energy sector with its innovative approach, similar to how Tesla changed the auto industry's perception of EVs.
- Positive market perception is building around FSTJ's commitment to sustainability, attracting environmentally conscious investors. Think of it as the growing ESG trend fueling demand.
- There's a growing belief that FSTJ is undervalued compared to its peers, creating a potential buying opportunity. It's the 'hidden gem' narrative we often see before a stock pops.
Bear Case
- Insider selling, even if minor, can erode confidence and signal concerns about the company's future. It's a yellow flag, not a red one, but worth noting.
- The bearish community views FSTJ's business model as unproven and overly reliant on volatile commodity prices. It's the 'too good to be true' skepticism we often see.
- Market perception of FSTJ is still largely tied to traditional energy, making it vulnerable to negative sentiment surrounding fossil fuels. It's fighting an uphill battle against the green energy wave.
- There are concerns about FSTJ's ability to scale its operations and compete with established players in the energy sector. It's the 'can they deliver?' question mark hanging over the stock.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FSTJ Latest News
No recent news available for FSTJ.
FSTJ Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FSTJ.
Price Targets
Wall Street price target analysis for FSTJ.
FSTJ MoonshotScore
What does this score mean?
The MoonshotScore rates FSTJ 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Classification
Industry Shell CompaniesLeadership: Roy Cheng
CEO
Roy Cheng serves as the CEO of First America Resources Corporation, managing a single employee. Information regarding his prior experience and educational background is not available. His leadership is focused on navigating the company's current status as a shell corporation and exploring potential strategic opportunities. Given the company's lack of operations, his role likely involves maintaining the company's corporate structure and seeking potential avenues for future business ventures.
Track Record: Due to First America Resources Corporation's lack of significant operations, it is difficult to assess Roy Cheng's track record. His tenure has primarily involved managing the company's transition from a lithium-ion battery vendor to a shell corporation. Key decisions likely involve cost management and exploring potential merger or acquisition opportunities. The success of his leadership will depend on his ability to identify and execute a viable strategy for the company's future.
FSTJ OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that First America Resources Corporation may not meet the minimum financial standards or disclosure requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may be subject to greater price volatility. Investing in OTC Other stocks carries significant risks due to the lack of regulatory oversight and potential for fraud or manipulation. Companies in this tier may not be required to adhere to the same reporting standards as those listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited regulatory oversight on the OTC Other market
- Lack of financial transparency due to unknown disclosure status
- Potential for price manipulation due to low trading volume
- High bid-ask spread and illiquidity
- Uncertainty regarding the company's future business direction
- Verify the company's legal standing and registration
- Attempt to obtain financial statements, if available
- Assess the company's management team and their experience
- Research the company's history and any past legal issues
- Understand the risks associated with investing in OTC Other stocks
- Determine the company's plans for future operations
- Consult with a financial advisor before investing
- The company has been incorporated since 2010.
- It was previously involved in the lithium-ion battery sector.
- The company has a CEO, Roy Cheng.
What Investors Ask About First America Resources Corporation (FSTJ) — Financial Services
What does First America Resources Corporation do?
First America Resources Corporation currently operates as a shell company, lacking significant business operations. Historically, the company was involved in the sale of lithium-ion batteries and related power supplies, targeting the mobile and consumer electronics markets. However, it has since transitioned to a non-operating entity.
What do analysts say about FSTJ stock?
There is currently no available analyst coverage for First America Resources Corporation due to its status as a shell company with limited operations. Standard valuation metrics, such as price targets and earnings estimates, are not applicable in this case.
What are the main risks for FSTJ?
The primary risks associated with First America Resources Corporation stem from its status as a shell company with no significant operations. These risks include the potential failure to attract a suitable merger partner, the inability to secure funding for a new business venture, and the high risk of price manipulation due to low trading volume on the OTC market.
What are the key factors to evaluate for FSTJ?
Evaluate FSTJ on fundamentals, analyst consensus, and risk factors. First America Resources Corporation presents a speculative investment opportunity due to its status as a shell company with no significant operations. Not financial advice.
How frequently does FSTJ data refresh on this page?
FSTJ's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven FSTJ's recent stock price performance?
First America Resources Corporation (FSTJ) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Existing public listing on the OTC market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FSTJ overvalued or undervalued right now?
First America Resources Corporation (FSTJ) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research FSTJ before investing?
Before investing in First America Resources Corporation (FSTJ), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is limited due to the company's status as a shell company.
- OTC market data may be less reliable than major exchange data.
- AI analysis is pending.