Fortune Minerals Limited (TSE:FT – Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$0.14 and traded as low as C$0.12. Fortune Minerals shares last traded at C$0.12, with a volume of 923,141 shares traded.
Fortune Minerals Stock Up 4.3%
The company has a market capitalization of C$80.41 million, a price-to-earnings ratio of -12.00 and a beta of -1.75. The company has a quick ratio of 0.04, a current ratio of 0.21 and a debt-to-equity ratio of -230.60. The business has a 50-day moving average price of C$0.14 and a 200-day moving average price of C$0.14.
Fortune Minerals (TSE:FT – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 80.32%.
Fortune Minerals Company Profile
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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