Fortune Minerals (TSE:FT) Stock Price Up 18.2% – Time to Buy?

Fortune Minerals Limited (TSE:FT)’s stock price traded up 18.2% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 784,886 shares traded hands during trading, an increase of 234% from the average session volume of 235,011 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.35 price target on shares of Fortune Minerals and gave the stock a “buy” rating in a report on Tuesday, February 11th.

Fortune Minerals Stock Performance

The stock has a market cap of C$37.72 million, a P/E ratio of -13.19 and a beta of 0.01. The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04. The stock has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05.

Fortune Minerals Company Profile

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.