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Fortune Minerals (TSE:FT) Reaches New 52-Week High - Should You Buy?

Fortune Minerals logo with Basic Materials background

Fortune Minerals Limited (TSE:FT - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 33119 shares changing hands. The stock had previously closed at C$0.09.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.42 price objective on Fortune Minerals and gave the stock a "buy" rating in a report on Tuesday, April 22nd.

Get Our Latest Stock Analysis on FT

Fortune Minerals Price Performance

The stock has a market capitalization of C$60.93 million, a PE ratio of -21.30 and a beta of 0.01. The firm's fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61.

About Fortune Minerals

(Get Free Report)

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company 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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