Fortune Minerals Limited (TSE:FT – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.14 and traded as low as C$0.12. Fortune Minerals shares last traded at C$0.12, with a volume of 459,402 shares trading hands.
Fortune Minerals Stock Down 4.3%
The business has a 50-day moving average price of C$0.13 and a 200 day moving average price of C$0.14. The company has a current ratio of 0.21, a quick ratio of 0.04 and a debt-to-equity ratio of -230.60. The stock has a market capitalization of C$73.71 million, a P/E ratio of -11.00 and a beta of -0.92.
Fortune Minerals (TSE:FT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. Fortune Minerals had a positive return on equity of 80.32% and a negative net margin of 13,690.93%.
About Fortune Minerals
Fortune is a Canadian mining and mineral processing company focused on developing the NICO cobalt-gold-bismuth-copper project in the Northwest Territories and Alberta. Fortune also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO deposit and is a potential future source of incremental feed to extend the life of the NICO concentrator.
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