Fortune Minerals Limited (TSE:FT – Get Free Report) shares dropped 10% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 170,720 shares were traded during trading, a decline of 62% from the average daily volume of 445,810 shares. The stock had previously closed at C$0.10.
Fortune Minerals Price Performance
The company has a market cap of C$50.37 million, a P/E ratio of -4.50 and a beta of -1.42. The company has a debt-to-equity ratio of -111.61, a quick ratio of 0.04 and a current ratio of 0.39. The firm’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.08.
Fortune Minerals Company Profile
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.
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