Fortune Minerals Limited (OTCMKTS:FTMDF) Sees Large Growth in Short Interest

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 97,500 shares, a growth of 44.4% from the August 31st total of 67,500 shares. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 6.9 days.

Fortune Minerals Stock Performance

FTMDF remained flat at $0.04 during trading on Friday. 42,000 shares of the company traded hands, compared to its average volume of 64,416. Fortune Minerals has a one year low of $0.02 and a one year high of $0.10. The firm’s 50 day moving average price is $0.05 and its two-hundred day moving average price is $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.