Fortune Minerals (TSE:FT) Releases Earnings Results

Fortune Minerals (TSE:FT) announced its quarterly earnings results on Friday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. Fortune Minerals had a negative net margin of 13,690.93% and a positive return on equity of 52.59%.

Fortune Minerals Stock Up 1.9%

Shares of TSE FT opened at C$0.13 on Friday. The stock has a market capitalization of C$86.97 million, a PE ratio of -13.25 and a beta of -1.54. The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of -157.84. Fortune Minerals has a 12-month low of C$0.07 and a 12-month high of C$0.25. The stock’s fifty day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.14.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.63 target price on Fortune Minerals and gave the company a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$0.63.

About Fortune Minerals

Fortune is a Canadian mining and mineral processing company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.