Fortune Minerals Limited (TSE:FT – Get Free Report) insider Patricia-Lynn Penney sold 250,000 shares of Fortune Minerals stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$0.16, for a total value of C$40,000.00. Following the transaction, the insider owned 67,000 shares in the company, valued at C$10,720. This trade represents a 78.86% decrease in their position.
Patricia-Lynn Penney also recently made the following trade(s):
- On Monday, May 4th, Patricia-Lynn Penney sold 256,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.17, for a total value of C$43,605.00.
- On Monday, May 4th, Patricia-Lynn Penney sold 76,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total value of C$12,240.00.
- On Wednesday, May 6th, Patricia-Lynn Penney sold 101,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total value of C$16,240.00.
- On Thursday, May 7th, Patricia-Lynn Penney sold 4,500 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total value of C$720.00.
- On Friday, May 8th, Patricia-Lynn Penney sold 561,000 shares of Fortune Minerals stock. The shares were sold at an average price of C$0.16, for a total value of C$89,760.00.
Fortune Minerals Stock Down 2.9%
TSE FT traded down C$0.01 during trading on Monday, hitting C$0.17. The stock had a trading volume of 603,677 shares, compared to its average volume of 943,993. The company has a market capitalization of C$100.29 million, a PE ratio of -16.50 and a beta of -1.69. The company’s 50-day moving average price is C$0.12 and its two-hundred day moving average price is C$0.11. The company has a debt-to-equity ratio of -177.44, a quick ratio of 0.04 and a current ratio of 0.20. Fortune Minerals Limited has a 12 month low of C$0.06 and a 12 month high of C$0.22.
About Fortune Minerals
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.
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