Fortune Minerals (TSE:FT) Stock Price Down 6.3%

Shares of Fortune Minerals Limited (TSE:FT) fell 6.3% during trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 119,180 shares were traded during mid-day trading, a decline of 77% from the average session volume of 516,837 shares. The stock had previously closed at C$0.08.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.35 price target on shares of Fortune Minerals and gave the company a “buy” rating in a research report on Friday, June 28th.

Fortune Minerals Stock Performance

The stock’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.05. The company has a debt-to-equity ratio of 24.90, a quick ratio of 0.04 and a current ratio of 0.08. The company has a market cap of C$37.47 million, a PE ratio of -8.00 and a beta 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.