Fortune Minerals Limited (TSE:FT – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.12, with a volume of 350646 shares changing hands. The stock had previously closed at C$0.12.
Fortune Minerals Price Performance
The company has a 50-day moving average of C$0.12 and a two-hundred day moving average of C$0.10. The company has a debt-to-equity ratio of -140.09, a current ratio of 0.22 and a quick ratio of 0.04. The stock has a market capitalization of C$70.19 million, a PE ratio of -6.00 and a beta of -2.12.
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.
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