Fortune Minerals Limited (TSE:FT – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 2,444,163 shares trading hands. The stock had previously closed at C$0.10.
Fortune Minerals Price Performance
The company has a debt-to-equity ratio of -230.60, a current ratio of 0.21 and a quick ratio of 0.04. The stock’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.14. The stock has a market cap of C$60.31 million, a price-to-earnings ratio of -9.00 and a beta of -0.92.
Fortune Minerals (TSE:FT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 80.32%.
Fortune Minerals Company Profile
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.
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