Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Rises By 172.6%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 30,800 shares, an increase of 172.6% from the September 30th total of 11,300 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is presently 0.6 days.

Fortune Minerals Price Performance

Shares of FTMDF opened at $0.04 on Friday. Fortune Minerals has a twelve month low of $0.02 and a twelve month high of $0.10. The firm has a 50 day moving average of $0.04 and a 200 day moving average of $0.05.

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.