Fortune Minerals (TSE:FT) PT Set at C$0.35 by Fundamental Research

Fundamental Research set a C$0.35 price target on Fortune Minerals (TSE:FT) in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Fortune Minerals Price Performance

Shares of FT opened at C$0.05 on Tuesday. The company has a market capitalization of C$26.11 million, a price-to-earnings ratio of -9.13 and a beta of 0.01. Fortune Minerals has a fifty-two week low of C$0.03 and a fifty-two week high of C$0.13. The company has a debt-to-equity ratio of -111.61, a current ratio of 0.39 and a quick ratio of 0.04. The business’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.05.

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.