Fortune Minerals Limited (TSE:FT - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.06 and traded as high as C$0.11. Fortune Minerals shares last traded at C$0.11, with a volume of 655,901 shares.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a C$0.42 target price on shares of Fortune Minerals and gave the stock a "buy" rating in a research report on Tuesday, April 22nd.
Read Our Latest Report on FT
Fortune Minerals Stock Up 5.0%
The company has a market cap of C$60.93 million, a PE ratio of -21.30 and a beta of 0.01. The company has a quick ratio of 0.04, a current ratio of 0.39 and a debt-to-equity ratio of -111.61. The firm's fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.06.
About Fortune Minerals
(
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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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