Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Expands By 109.9%

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 14,900 shares, a growth of 109.9% from the February 13th total of 7,100 shares. Based on an average daily trading volume, of 255,000 shares, the short-interest ratio is presently 0.1 days.

Fortune Minerals Price Performance

Shares of OTCMKTS FTMDF opened at $0.03 on Friday. Fortune Minerals has a 52 week low of $0.02 and a 52 week high of $0.10. The business’s 50-day simple moving average is $0.03 and its 200-day simple moving average is $0.04.

About Fortune Minerals

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.