Short Interest in Fortune Minerals Limited (OTCMKTS:FTMDF) Drops By 88.4%

Fortune Minerals Limited (OTCMKTS:FTMDF) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 11,300 shares, a drop of 88.4% from the September 15th total of 97,500 shares. Based on an average daily volume of 145,800 shares, the short-interest ratio is currently 0.1 days.

Fortune Minerals Price Performance

FTMDF stock remained flat at $0.04 during midday trading on Friday. The company had a trading volume of 4,000 shares, compared to its average volume of 62,295. The business has a fifty day moving average of $0.05 and a 200-day moving average of $0.05. Fortune Minerals has a 12-month low of $0.02 and a 12-month high of $0.10.

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.