Fortune Minerals Limited (TSE:FT – Get Free Report)’s stock price dropped 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 Price Performance
The company has a debt-to-equity ratio of 24.90, a current ratio of 0.02 and a quick ratio of 0.04. The firm’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.04. The firm has a market cap of C$12.49 million, a P/E ratio of -0.28 and a beta of 0.40.
Fortune Minerals Company Profile
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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