Fortune Minerals (TSE:FT) Trading Down 10%

Fortune Minerals Limited (TSE:FTGet Rating) was down 10% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 58,041 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 162,523 shares. The stock had previously closed at C$0.05.

Fortune Minerals Stock Performance

The company has a debt-to-equity ratio of 22.25, a current ratio of 0.05 and a quick ratio of 0.04. The stock has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The stock has a market cap of C$25.72 million, a P/E ratio of -0.55 and a beta of 0.87.

About Fortune Minerals

(Get Rating)

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily 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.

Further Reading

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