Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.11. Fortune Minerals shares last traded at C$0.10, with a volume of 351,209 shares trading hands.
Fortune Minerals Trading Down 2.6%
The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61. The firm’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The stock has a market cap of C$53.17 million, a P/E ratio of -4.75 and a beta of -1.42.
Fortune Minerals Company Profile
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.
Read More
- Five stocks we like better than Fortune Minerals
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 Potential Scenarios to Watch for in D-Wave’s Earnings Report
- Options Trading – Understanding Strike Price
- Eli Lilly Posts Stellar Q3: Long-Term Upside Is Well in Play
- Roth IRA Calculator: Calculate Your Potential Returns
- Uber Is Crushing Lyft—And It’s Not Even Close
Receive News & Ratings for Fortune Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
