Fortune Minerals Limited (TSE:FT – Get Free Report) hit a new 52-week low during trading on Thursday. The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 955,610 shares trading hands. The stock had previously closed at C$0.08.
Fortune Minerals Stock Performance
The company has a quick ratio of 0.04, a current ratio of 0.21 and a debt-to-equity ratio of -230.60. The stock has a 50 day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.13. The stock has a market capitalization of C$53.61 million, a P/E ratio of -8.00 and a beta of -0.92.
Fortune Minerals (TSE:FT – Get Free Report) last posted 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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