Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Decreases By 13.1%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 60,400 shares, a drop of 13.1% from the October 31st total of 69,500 shares. Based on an average daily trading volume, of 79,000 shares, the days-to-cover ratio is presently 0.8 days.

Fortune Minerals Trading Down 16.3 %

Shares of OTCMKTS FTMDF traded down $0.01 during mid-day trading on Tuesday, reaching $0.03. 41,100 shares of the company’s stock were exchanged, compared to its average volume of 59,585. The firm has a 50-day moving average price of $0.04 and a two-hundred day moving average price of $0.05. Fortune Minerals has a 52 week low of $0.02 and a 52 week high of $0.10.

Fortune Minerals Company Profile

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories.