Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Up 9.6% in November

Fortune Minerals Limited (OTCMKTS:FTMDF) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 66,200 shares, an increase of 9.6% from the November 15th total of 60,400 shares. Based on an average daily volume of 102,500 shares, the days-to-cover ratio is currently 0.6 days.

Fortune Minerals Price Performance

Shares of OTCMKTS:FTMDF remained flat at $0.04 on Friday. 428,250 shares of the stock were exchanged, compared to its average volume of 60,152. Fortune Minerals has a fifty-two week low of $0.02 and a fifty-two week high of $0.10. The stock’s fifty day simple moving average is $0.04 and its 200-day simple moving average 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.