Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) shot up 20% during trading on Monday. The company traded as high as C$0.09 and last traded at C$0.09. 486,606 shares were traded during trading, a decline of 33% from the average daily volume of 730,246 shares. The stock had previously closed at C$0.07.
Fortune Minerals Price Performance
The company has a current ratio of 0.21, a quick ratio of 0.04 and a debt-to-equity ratio of -230.60. The firm has a market capitalization of C$56.96 million, a PE ratio of -8.50 and a beta of -1.69. The firm has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.13.
Fortune Minerals (TSE:FT – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 80.32%.
About Fortune Minerals
Fortune is a Canadian mining and mineral processing company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.
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