Fortune Minerals Limited (TSE:FT – Get Free Report)’s share price traded up 13% during trading on Tuesday. The stock traded as high as C$0.14 and last traded at C$0.13. 1,080,407 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 744,471 shares. The stock had previously closed at C$0.12.
Fortune Minerals Stock Performance
The firm has a market capitalization of C$87.11 million, a price-to-earnings ratio of -13.00 and a beta of -0.92. The stock has a 50-day moving average price of C$0.14 and a 200 day moving average price of C$0.14. The company has a quick ratio of 0.04, a current ratio of 0.21 and a debt-to-equity ratio of -230.60.
Fortune Minerals (TSE:FT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported C($0.01) 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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