Fortune Minerals (TSE:FT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Fortune Minerals Limited (TSE:FT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.05 and traded as high as C$0.05. Fortune Minerals shares last traded at C$0.05, with a volume of 104,979 shares.

Analyst Ratings Changes

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

Fortune Minerals Stock Performance

The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04. The firm has a market capitalization of C$26.11 million, a PE ratio of -9.13 and a beta of 0.01. The firm has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$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.