Fortune Minerals Limited (TSE:FT – Get Free Report)’s share price traded up 20% during mid-day trading on Monday. The company traded as high as C$0.09 and last traded at C$0.09. Approximately 486,606 shares changed hands during trading, a decline of 33% from the average session volume of 730,246 shares. The stock had previously closed at C$0.07.
Fortune Minerals Stock Up 23.3%
The stock has a market capitalization of C$61.99 million, a P/E ratio of -9.25 and a beta of -1.69. The firm’s fifty day moving average is C$0.12 and its 200-day moving average is C$0.13. The company has a current ratio of 0.21, a quick ratio of 0.04 and a debt-to-equity ratio of -230.60.
Fortune Minerals (TSE:FT – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. Fortune Minerals had a positive return on equity of 80.32% and a negative net margin of 13,690.93%.
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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