Fortune Minerals Limited (OTCMKTS:FTMDF) Short Interest Update

Fortune Minerals Limited (OTCMKTS:FTMDF) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 60,400 shares, a decline of 13.1% from the October 31st total of 69,500 shares. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is presently 0.8 days.

Fortune Minerals Stock Down 17.9 %

Shares of OTCMKTS:FTMDF traded down $0.01 during midday trading on Monday, reaching $0.03. The company’s stock had a trading volume of 9,600 shares, compared to its average volume of 59,585. Fortune Minerals has a fifty-two week low of $0.02 and a fifty-two week high of $0.10. The firm has a 50 day moving average price of $0.04 and a two-hundred day moving average price of $0.05.

Fortune Minerals Company Profile

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.