Fortune Minerals (TSE:FT) Stock Price Down 10% – What’s Next?

Fortune Minerals Limited (TSE:FT) was down 10% during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 175,240 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 238,312 shares. The stock had previously closed at C$0.05.

Fortune Minerals Stock Down 10.0 %

The company has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a market capitalization of C$22.81 million, a P/E ratio of -4.50 and a beta of 0.01. The company has a debt-to-equity ratio of 24.90, a current ratio of 0.05 and a quick ratio of 0.04.

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.