Fortune Minerals (TSE:FT) Stock Price Passes Above 200 Day Moving Average of $0.10

Fortune Minerals Limited (TSE:FT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.10 and traded as high as $0.08. Fortune Minerals shares last traded at $0.08, with a volume of 15,500 shares traded.

The firm has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.10. The company has a market capitalization of $27.78 million and a P/E ratio of -6.25. The company has a quick ratio of 11.06, a current ratio of 11.31 and a debt-to-equity ratio of 12.60.

Fortune Minerals (TSE:FT) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.01 million during the quarter.

About Fortune Minerals (TSE:FT)

Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company primarily explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. It primarily holds a 100% interest in the NICO gold-cobalt-bismuth-copper project located in the Northwest Territories.

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