Fortune Minerals (TSE:FT) Stock Price Up 20%

Fortune Minerals Limited (TSE:FTGet Free Report) shares rose 20% during trading on Monday . The company traded as high as C$0.04 and last traded at C$0.03. Approximately 253,033 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 180,177 shares. The stock had previously closed at C$0.03.

Fortune Minerals Stock Down 25.0 %

The company has a market cap of C$14.99 million, a PE ratio of -0.33 and a beta of 0.40. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a quick ratio of 0.04, a current ratio of 0.02 and a debt-to-equity ratio of 24.90.

Fortune Minerals Company Profile

(Get Free Report)

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.

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