Fortune Minerals (TSE:FT) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Fortune Minerals Limited (TSE:FT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.09 and traded as high as C$0.13. Fortune Minerals shares last traded at C$0.12, with a volume of 712,370 shares trading hands.

Fortune Minerals Stock Performance

The company’s fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.09. 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 capitalization of C$70.19 million, a PE ratio of -6.00 and a beta of -1.84.

Fortune Minerals (TSE:FT) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.00 EPS for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 30.09%.

About Fortune Minerals

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.