Fortune Minerals (TSE:FT) Insider Patricia-Lynn Penney Sells 561,000 Shares

Fortune Minerals Limited (TSE:FT) insider Patricia-Lynn Penney sold 561,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$0.16, for a total transaction of C$89,760.00. Following the completion of the transaction, the insider directly owned -600,000 shares of the company’s stock, valued at C($96,000). The trade was a -1,438.46% decrease in their ownership of the stock.

Patricia-Lynn Penney also recently made the following trade(s):

• On Monday, May 4th, Patricia-Lynn Penney sold 256,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.17, for a total transaction of C$43,605.00.
• On Monday, May 4th, Patricia-Lynn Penney sold 76,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total transaction of C$12,240.00.
• On Tuesday, May 5th, Patricia-Lynn Penney sold 250,000 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total transaction of C$40,000.00.
• On Wednesday, May 6th, Patricia-Lynn Penney sold 101,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total transaction of C$16,240.00.
• On Thursday, May 7th, Patricia-Lynn Penney sold 4,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total transaction of C$720.00.

Fortune Minerals Stock Performance

Shares of Fortune Minerals stock traded down C$0.01 during midday trading on Monday, hitting C$0.17. The company had a trading volume of 603,677 shares, compared to its average volume of 943,993. The stock has a market cap of C$100.29 million, a price-to-earnings ratio of -16.50 and a beta of -1.69. The company has a quick ratio of 0.04, a current ratio of 0.20 and a debt-to-equity ratio of -177.44. The company has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.11. Fortune Minerals Limited has a 12-month low of C$0.06 and a 12-month high of C$0.22.

Fortune Minerals Company Profile

Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.