Fortune Minerals (FT) Stock Price Down 7.7%

Fortune Minerals Limited (TSE:FT) shares dropped 7.7% on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 137,900 shares changed hands during trading, a decline of 76% from the average daily volume of 573,945 shares. The stock had previously closed at C$0.13.

The company has a debt-to-equity ratio of 10.36, a current ratio of 16.77 and a quick ratio of 16.64.

Fortune Minerals (TSE:FT) last released its quarterly earnings data on Monday, August 13th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$0.03 million for the quarter.

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Fortune Minerals Company Profile (TSE:FT)

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. It primarily holds a 100% interest in the NICO gold-cobalt-bismuth-copper project located in the Northwest Territories.

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