Fortune Minerals (TSE:FT) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Fortune Minerals Limited (TSE:FT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.09 and traded as high as C$0.13. Fortune Minerals shares last traded at C$0.12, with a volume of 712,370 shares traded.

Fortune Minerals Stock Performance

The stock has a market capitalization of C$73.12 million, a price-to-earnings ratio of -6.25 and a beta of -1.84. The firm has a fifty day moving average of C$0.11 and a 200-day moving average of C$0.09. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61.

Fortune Minerals (TSE:FT) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.00 EPS for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 30.09%.

About Fortune Minerals

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.