Shares of Fortune Minerals Limited (TSE:FT – Get Free Report) dropped 12.5% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 124,250 shares traded hands during trading, a decline of 51% from the average daily volume of 255,052 shares. The stock had previously closed at C$0.04.
Fortune Minerals Stock Performance
The stock’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a quick ratio of 0.04, a current ratio of 0.02 and a debt-to-equity ratio of 24.90. The company has a market cap of C$19.99 million, a P/E ratio of -0.39 and a beta of 0.40.
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 primarily 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.
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