Fortune Minerals (TSE:FT) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Fortune Minerals Limited (TSE:FT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.05 and traded as high as C$0.06. Fortune Minerals shares last traded at C$0.06, with a volume of 580,435 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.35 price target on Fortune Minerals and gave the company a “buy” rating in a report on Tuesday, February 11th.

Fortune Minerals Stock Up 9.1 %

The stock has a market capitalization of C$34.82 million, a price-to-earnings ratio of -12.17 and a beta of 0.01. The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04. The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.05.

Fortune Minerals Company Profile

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.