Fortune Minerals (TSE:FT) Posts Earnings Results

Fortune Minerals (TSE:FT) released its quarterly earnings results on Friday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. Fortune Minerals had a positive return on equity of 52.59% and a negative net margin of 13,690.93%.

Fortune Minerals Trading Up 1.9%

TSE FT opened at C$0.13 on Friday. The stock has a market cap of C$86.97 million, a PE ratio of -13.25 and a beta of -1.54. Fortune Minerals has a 12 month low of C$0.07 and a 12 month high of C$0.25. The company’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.14. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of -157.84.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.63 price objective on shares of Fortune Minerals and gave the stock a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Fortune Minerals has an average rating of “Buy” and a consensus target price of C$0.63.

About Fortune Minerals

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.