Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Up 587.7% in June

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 112,100 shares, an increase of 587.7% from the May 31st total of 16,300 shares. Based on an average trading volume of 155,100 shares, the days-to-cover ratio is currently 0.7 days.

Fortune Minerals Price Performance

Shares of Fortune Minerals stock traded down $0.01 during midday trading on Friday, reaching $0.07. The company had a trading volume of 21,500 shares, compared to its average volume of 81,019. The stock has a fifty day moving average price of $0.06 and a 200 day moving average price of $0.04. Fortune Minerals has a fifty-two week low of $0.02 and a fifty-two week high of $0.10.

About Fortune Minerals

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.