Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Expands By 371.8%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 70,300 shares, an increase of 371.8% from the February 28th total of 14,900 shares. Based on an average trading volume of 74,200 shares, the days-to-cover ratio is currently 0.9 days.

Fortune Minerals Trading Down 10.4 %

Shares of OTCMKTS FTMDF traded down $0.00 during trading on Friday, reaching $0.04. The company had a trading volume of 50,000 shares, compared to its average volume of 88,555. The company’s fifty day moving average price is $0.03 and its 200-day moving average price is $0.04. Fortune Minerals has a 12 month low of $0.02 and a 12 month high of $0.10.

About Fortune Minerals

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.