Fortune Minerals Limited (TSE:FT – Get Free Report) was up 12.5% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 648,174 shares changed hands during trading, an increase of 152% from the average daily volume of 257,083 shares. The stock had previously closed at C$0.04.
Fortune Minerals Price Performance
The company has a quick ratio of 0.04, a current ratio of 0.02 and a debt-to-equity ratio of 24.90. The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The firm has a market capitalization of C$22.48 million, a P/E ratio of -0.50 and a beta of 0.40.
About Fortune Minerals
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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