Fundamental Research Reiterates C$0.35 Price Target for Fortune Minerals (TSE:FT)

Fortune Minerals (TSE:FT) has been assigned a C$0.35 price objective by equities researchers at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Fortune Minerals Price Performance

Fortune Minerals stock remained flat at C$0.05 during mid-day trading on Tuesday. The company’s stock had a trading volume of 63,250 shares, compared to its average volume of 229,053. The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 24.90, a quick ratio of 0.04 and a current ratio of 0.05. The firm has a market cap of C$25.35 million, a P/E ratio of -5.00 and a beta of 0.01. Fortune Minerals has a 52-week low of C$0.03 and a 52-week high of C$0.13.

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 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.