Fortune Minerals Limited (OTCMKTS:FTMDF) Sees Large Growth in Short Interest

Fortune Minerals Limited (OTCMKTS:FTMDFGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 102,364 shares, an increase of 38.1% from the November 30th total of 74,110 shares. Based on an average daily trading volume, of 119,383 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 119,383 shares, the days-to-cover ratio is presently 0.9 days.

Fortune Minerals Stock Performance

Shares of Fortune Minerals stock opened at $0.06 on Tuesday. The business has a 50 day moving average of $0.06 and a 200 day moving average of $0.06. Fortune Minerals has a 52 week low of $0.03 and a 52 week high of $0.09.

About Fortune Minerals

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Fortune Minerals Ltd., trading on the OTCMKTS under the symbol FTMDF, is a Canadian resource development company focused on advancing its flagship NICO cobalt-gold-bismuth-copper project in the Northwest Territories. Headquartered in London, Ontario, the company’s primary objective is to bring one of Canada’s first integrated cobalt operations into production, combining on-site mining and milling with off-site hydrometallurgical refining. Fortune Minerals aims to supply critical metals used in batteries, electronics, and other high-growth industrial applications.

The NICO deposit hosts a polymetallic orebody comprising cobalt, copper, gold, and bismuth.

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