Fortune Minerals (TSE:FT) Trading Down 9.1% – Here’s What Happened

Fortune Minerals Limited (TSE:FT) shares traded down 9.1% on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 407,510 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 421,740 shares. The stock had previously closed at C$0.06.

Fortune Minerals Stock Performance

The business has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.06. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 24.90. The firm has a market capitalization of C$25.35 million, a price-to-earnings ratio of -5.00 and a beta of 0.01.

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.