Fortune Minerals Limited (TSE:FT - Get Free Report)'s share price dropped 4.5% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 225,603 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 415,707 shares. The stock had previously closed at C$0.11.
Wall Street Analyst Weigh In
Separately, Fundamental Research set a C$0.42 price target on shares of Fortune Minerals and gave the stock a "buy" rating in a research report on Tuesday, April 22nd.
View Our Latest Analysis on FT
Fortune Minerals Stock Performance
The company has a 50 day moving average of C$0.07 and a 200 day moving average of C$0.06. 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 has a market cap of C$55.12 million, a P/E ratio of -19.27 and a beta of 0.01.
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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