Fortune Minerals (TSE:FT) Releases Earnings Results

Fortune Minerals (TSE:FT) posted its earnings results on Friday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 52.59%.

Fortune Minerals Stock Performance

Shares of TSE FT remained flat at C$0.13 during trading on Friday. 238,994 shares of the company’s stock were exchanged, compared to its average volume of 807,450. Fortune Minerals has a one year low of C$0.07 and a one year high of C$0.25. The business’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.14. The stock has a market cap of C$85.33 million, a PE ratio of -13.00 and a beta of -1.54. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of -157.84.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.63 price target on Fortune Minerals and gave the stock a “buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$0.63.

About Fortune Minerals

Fortune is a Canadian mining and mineral processing company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.