Fortune Minerals (TSE:FT) PT Set at C$0.35 by Fundamental Research

Fortune Minerals (TSE:FT) has been assigned a C$0.35 target price by equities research analysts at Fundamental Research in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

Fortune Minerals Stock Down 5.3 %

Shares of TSE:FT opened at C$0.05 on Tuesday. Fortune Minerals has a 52-week low of C$0.03 and a 52-week high of C$0.13. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 24.90. The business has a fifty day moving average of C$0.05 and a two-hundred day moving average of C$0.05. The stock has a market cap of C$22.81 million, a P/E ratio of -4.50 and a beta of 0.01.

About Fortune Minerals

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories.