Fortune Minerals (TSE:FT) Hits New 1-Year High – What’s Next?

Fortune Minerals Limited (TSE:FT)’s stock price reached 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 Stock Down 4.2%

The company has a market cap of C$67.27 million, a P/E ratio of -5.75 and a beta of -2.12. The company’s 50-day moving average is C$0.12 and its two-hundred day moving average is 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.

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.