Fortune Minerals (TSE:FT) Stock Price Down 6.7% – What’s Next?

Fortune Minerals Limited (TSE:FT) was down 6.7% during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 538,923 shares traded hands during trading, an increase of 84% from the average daily volume of 292,347 shares. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.35 price objective on Fortune Minerals and gave the company a “buy” rating in a report on Tuesday, February 11th.

Fortune Minerals Price Performance

The company has a current ratio of 0.39, a quick ratio of 0.04 and a debt-to-equity ratio of -111.61. The business has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.05. The firm has a market capitalization of C$34.82 million, a PE ratio of -12.17 and a beta of 0.01.

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.