Fortune Minerals Limited (TSE:FT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.06 and traded as high as C$0.10. Fortune Minerals shares last traded at C$0.10, with a volume of 428,241 shares traded.
Analysts Set New Price Targets
Separately, Fundamental Research set a C$0.42 price target on Fortune Minerals and gave the stock a "buy" rating in a report on Tuesday, April 22nd.
Get Our Latest Research Report on Fortune Minerals
Fortune Minerals Trading Up 2.8%
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 company's fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.06. The company has a market capitalization of C$53.67 million, a P/E ratio of -18.77 and a beta of 0.01.
Fortune Minerals Company Profile
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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.
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