Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) hit a new 52-week low on Thursday. The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 2,444,163 shares traded. The stock had previously closed at C$0.10.
Fortune Minerals Trading Up 5.6%
The firm has a market capitalization of C$63.66 million, a price-to-earnings ratio of -9.50 and a beta of -0.92. The company has a debt-to-equity ratio of -230.60, a quick ratio of 0.04 and a current ratio of 0.21. The company has a 50 day moving average price of C$0.13 and a two-hundred 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 (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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