Fortitude Gold (OTCMKTS:FTCO) Issues Earnings Results

Fortitude Gold (OTCMKTS:FTCO) posted its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03, reports. The company had revenue of $10.31 million during the quarter, compared to analyst estimates of $16.41 million.

Fortitude Gold Stock Down 2.3%

Shares of Fortitude Gold stock traded down $0.10 on Wednesday, reaching $4.20. 23,926 shares of the company were exchanged, compared to its average volume of 49,544. The stock has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.92. Fortitude Gold has a fifty-two week low of $3.74 and a fifty-two week high of $6.10.

Fortitude Gold Company Profile

Fortitude Gold is a U.S.-based gold and silver company focused on mining, exploration and development in Nevada’s Walker Lane mineral belt. The company produces gold and silver doré and has centered its operations on the Isabella Pearl open-pit, heap-leach mine in Mineral County. Fortitude Gold became an independent company in 2021 after being spun off from Gold Resource Corporation. Alongside Isabella Pearl, it holds other Nevada properties for exploration and potential development. Jason Reid has served as Fortitude Gold’s president and chief executive officer.