Fortune Minerals Limited (TSE:FT – Get Free Report) was down 14.3% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 2,518,981 shares traded hands during trading, an increase of 1,327% from the average daily volume of 176,571 shares. The stock had previously closed at C$0.04.
Fortune Minerals Stock Down 28.6 %
The company’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The stock has a market cap of C$12.49 million, a PE ratio of -0.28 and a beta of 0.40. The company has a debt-to-equity ratio of 24.90, a quick ratio of 0.04 and a current ratio of 0.02.
About Fortune Minerals
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily 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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