Fundamental Research Reiterates C$0.42 Price Target for Fortune Minerals (TSE:FT)

Fundamental Research set a C$0.42 target price on Fortune Minerals (TSE:FT) in a report published on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Fortune Minerals Trading Up 9.1 %

TSE:FT opened at C$0.06 on Tuesday. The stock has a market capitalization of C$34.82 million, a price-to-earnings ratio of -12.17 and a beta of 0.01. Fortune Minerals has a 1 year low of C$0.03 and a 1 year high of C$0.13. The stock has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05. The company has a debt-to-equity ratio of -111.61, a quick ratio of 0.04 and a current ratio of 0.39.

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.