Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) rose 5.6% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. 630,852 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 447,356 shares. The stock had previously closed at C$0.09.
Fortune Minerals Stock Performance
The firm has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$55.96 million, a price-to-earnings ratio of -5.00 and a beta of -1.42. The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61.
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.
Read More
- Five stocks we like better than Fortune Minerals
- How to Profit From Value Investing
- Microsoft and IREN’s $9.7B AI Deal Could Spark MSFT Stock Rally
- Large Cap Stock Definition and How to Invest
- Datavault AI’s 314% Upside: Huge Potential or Wall Street Mirage?
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- 3 Data Memory Stocks Beating NVDA This Year
Receive News & Ratings for Fortune Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
