Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Expands By 38.1%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 102,364 shares, a growth of 38.1% from the November 30th total of 74,110 shares. Based on an average daily trading volume, of 119,383 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 119,383 shares, the short-interest ratio is presently 0.9 days.

Fortune Minerals Stock Performance

FTMDF stock traded up $0.00 on Wednesday, reaching $0.06. The company’s stock had a trading volume of 112,001 shares, compared to its average volume of 106,042. The business has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.06. Fortune Minerals has a 12-month low of $0.03 and a 12-month high of $0.09.

Fortune Minerals Company Profile

Fortune Minerals Ltd., trading on the OTCMKTS under the symbol FTMDF, is a Canadian resource development company focused on advancing its flagship NICO cobalt-gold-bismuth-copper project in the Northwest Territories. Headquartered in London, Ontario, the company’s primary objective is to bring one of Canada’s first integrated cobalt operations into production, combining on-site mining and milling with off-site hydrometallurgical refining. Fortune Minerals aims to supply critical metals used in batteries, electronics, and other high-growth industrial applications.

The NICO deposit hosts a polymetallic orebody comprising cobalt, copper, gold, and bismuth.